Ashford Capital Management Inc. Buys Shares of 281,120 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Ashford Capital Management Inc. purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 281,120 shares of the company's stock, valued at approximately $7,736,000. Ashford Capital Management Inc. owned approximately 0.11% of Clearwater Analytics at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after buying an additional 2,950,555 shares during the period. Alliancebernstein L.P. raised its position in shares of Clearwater Analytics by 66.0% during the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after acquiring an additional 2,931,445 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Clearwater Analytics by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after acquiring an additional 2,455,844 shares during the period. Norges Bank bought a new stake in Clearwater Analytics in the fourth quarter valued at approximately $59,402,000. Finally, Blair William & Co. IL increased its position in Clearwater Analytics by 3,835.2% during the 4th quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock valued at $48,290,000 after purchasing an additional 1,710,141 shares during the period. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the transaction, the chief executive officer now directly owns 681,588 shares in the company, valued at approximately $20,495,351.16. This trade represents a 24.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the completion of the sale, the chief financial officer now owns 358,502 shares of the company's stock, valued at approximately $9,528,983.16. The trade was a 4.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 625,810 shares of company stock worth $17,800,292. 3.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Piper Sandler dropped their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. The Goldman Sachs Group began coverage on shares of Clearwater Analytics in a research report on Monday. They set a "neutral" rating and a $26.00 price target on the stock. UBS Group lifted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Morgan Stanley restated an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.40.

Clearwater Analytics Price Performance

CWAN stock opened at $23.51 on Tuesday. Clearwater Analytics Holdings, Inc. has a 1 year low of $17.63 and a 1 year high of $35.71. The stock has a market capitalization of $6.66 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. The company's 50-day moving average is $24.23 and its 200-day moving average is $27.32. 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 (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Clearwater Analytics Company Profile

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.

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