22,520 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Purchased by Toth Financial Advisory Corp

Toth Financial Advisory Corp bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,520 shares of the company's stock, valued at approximately $604,000.

Several other hedge funds have also recently added to or reduced their stakes in CWAN. Arcadia Investment Management Corp MI bought a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $57,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Clearwater Analytics during the 4th quarter valued at $82,000. OFI Invest Asset Management bought a new stake in Clearwater Analytics in the fourth quarter valued at $88,000. Assetmark Inc. bought a new stake in Clearwater Analytics in the 4th quarter valued at about $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Clearwater Analytics in the fourth quarter valued at approximately $116,000. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Price Performance

NYSE:CWAN traded up $0.59 during trading hours on Tuesday, hitting $24.80. The stock had a trading volume of 5,220,241 shares, compared to its average volume of 2,435,882. The company has a 50 day simple moving average of $23.05 and a two-hundred day simple moving average of $26.54. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 8.23 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a one year low of $17.63 and a one year high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm's revenue was up 23.5% compared to the same quarter last year. Research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $26.56, for a total value of $1,328,000.00. Following the completion of the sale, the chief executive officer now owns 857,798 shares in the company, valued at approximately $22,783,114.88. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathleen A. Corbet sold 12,634 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total value of $298,920.44. Following the completion of the sale, the director now directly owns 14,498 shares of the company's stock, valued at $343,022.68. The trade was a 46.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,034 shares of company stock worth $4,926,245 in the last ninety days. 3.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on CWAN shares. The Goldman Sachs Group initiated coverage on shares of Clearwater Analytics in a research note on Monday, May 19th. They set a "neutral" rating and a $26.00 price target for the company. JPMorgan Chase & Co. began coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target for the company. Piper Sandler cut their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company decreased their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley restated an "overweight" rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.