Ashford Capital Management Inc. Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Ashford Capital Management Inc. bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 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 reporting period.

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

Clearwater Analytics Trading Down 0.8%

Shares of NYSE CWAN traded down $0.17 during trading on Friday, reaching $22.01. The stock had a trading volume of 2,102,750 shares, compared to its average volume of 2,353,868. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $6.24 billion, a P/E ratio of 13.26, a PEG ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $17.63 and a fifty-two week high of $35.71. The business's 50-day moving average price is $23.90 and its 200-day moving average price is $27.19.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $126.86 million during the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Clearwater Analytics's revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. On average, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $24.29, for a total transaction of $1,214,500.00. Following the completion of the transaction, the chief executive officer now directly owns 876,754 shares of the company's stock, valued at approximately $21,296,354.66. The trade was a 5.40% decrease in their ownership of the stock. The sale 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 company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total transaction of $298,920.44. Following the sale, the director now owns 14,498 shares in the company, valued at $343,022.68. The trade was a 46.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 204,175 shares of company stock worth $5,040,744 in the last ninety days. 3.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CWAN. Morgan Stanley reiterated an "overweight" rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada lifted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. The Goldman Sachs Group initiated coverage on Clearwater Analytics in a research note on Monday, May 19th. They issued a "neutral" rating and a $26.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price objective for the company. Finally, Piper Sandler reduced their price objective 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics presently has an average rating of "Moderate Buy" and an average price target of $32.40.

Clearwater Analytics 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.