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

Bosman Wealth Management LLC bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,225 shares of the company's stock, valued at approximately $1,105,000. Clearwater Analytics comprises 1.1% of Bosman Wealth Management LLC's investment portfolio, making the stock its 27th largest position.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Clearwater Analytics during the 1st quarter worth about $314,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Clearwater Analytics in the first quarter valued at approximately $409,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Clearwater Analytics in the 4th quarter worth approximately $8,580,000. Alliancebernstein L.P. lifted its holdings in Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after buying an additional 2,931,445 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Clearwater Analytics during the 4th quarter worth $1,112,000. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Stock Down 1.9%

Shares of NYSE CWAN traded down $0.42 during mid-day trading on Friday, reaching $21.83. 4,134,345 shares of the company's stock were exchanged, compared to its average volume of 2,587,069. Clearwater Analytics Holdings, Inc. has a twelve month low of $18.75 and a twelve month high of $35.71. 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 firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 4.45 and a beta of 0.74. The business has a fifty day simple moving average of $22.72 and a 200 day simple moving average of $25.33.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly 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. Clearwater Analytics had a net margin of 90.18% and a return on equity of 5.22%. The company had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business's quarterly revenue was up 23.5% compared to the same quarter last year. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 price objective for the company. Piper Sandler set a $27.00 target price on shares of Clearwater Analytics and gave the company an "overweight" rating in a research note on Tuesday, June 24th. The Goldman Sachs Group assumed 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. Finally, Oppenheimer cut their price objective on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Wednesday, June 11th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.90.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $22.25, for a total value of $416,075.00. Following the sale, the chief financial officer owned 348,885 shares in the company, valued at approximately $7,762,691.25. The trade was a 5.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Souvik Das sold 5,273 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $21.67, for a total transaction of $114,265.91. Following the transaction, the chief technology officer owned 142,549 shares of the company's stock, valued at $3,089,036.83. The trade was a 3.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 239,407 shares of company stock worth $5,482,987. Company insiders own 3.31% of the company's stock.

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.