Bosman Wealth Management LLC Purchases New Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Bosman Wealth Management LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,225 shares of the company's stock, valued at approximately $1,105,000. Clearwater Analytics accounts for approximately 1.1% of Bosman Wealth Management LLC's holdings, making the stock its 27th largest holding.

Several other institutional investors have also made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $82,000. Assetmark Inc. acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $116,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $116,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $121,000. 50.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CWAN. Piper Sandler set a $27.00 price target on shares of Clearwater Analytics and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Oppenheimer lowered their price target on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Wednesday, June 11th. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target for the company. The Goldman Sachs Group began coverage on shares of Clearwater Analytics in a report on Monday, May 19th. They set a "neutral" rating and a $26.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Clearwater Analytics has a consensus rating of "Moderate Buy" and a consensus price target of $31.90.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $22.26 on Friday. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.31 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.74. The firm's fifty day simple moving average is $22.75 and its two-hundred day simple moving average is $25.38. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.94 and a 12 month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $126.86 million for the quarter, compared to analysts' expectations of $125.11 million. Clearwater Analytics had a net margin of 90.18% and a return on equity of 5.22%. The business's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 4,460 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $21.67, for a total transaction of $96,648.20. Following the transaction, the executive owned 15,776 shares of the company's stock, valued at $341,865.92. This represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Subi Sethi sold 7,358 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $21.67, for a total transaction of $159,447.86. Following the transaction, the insider directly owned 218,788 shares in the company, valued at $4,741,135.96. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 239,407 shares of company stock valued at $5,482,987. 3.31% of the stock is owned by corporate insiders.

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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