Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. raised its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 15,661.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,407,040 shares of the company's stock after acquiring an additional 1,398,113 shares during the period. Brown Advisory Inc. owned approximately 0.56% of Clearwater Analytics worth $37,709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock worth $469,000 after acquiring an additional 502 shares during the period. Huntleigh Advisors Inc. lifted its stake in Clearwater Analytics by 1.9% in the first quarter. Huntleigh Advisors Inc. now owns 32,211 shares of the company's stock worth $863,000 after acquiring an additional 595 shares during the period. Abacus FCF Advisors LLC lifted its stake in Clearwater Analytics by 2.8% in the first quarter. Abacus FCF Advisors LLC now owns 25,140 shares of the company's stock worth $674,000 after acquiring an additional 682 shares during the period. Summit Creek Advisors LLC lifted its stake in Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock worth $7,844,000 after acquiring an additional 833 shares during the period. Finally, Bullseye Asset Management LLC lifted its stake in Clearwater Analytics by 1.1% in the fourth quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company's stock worth $3,087,000 after acquiring an additional 1,181 shares during the period. Institutional investors own 50.10% of the company's stock.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 5,858 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $21.67, for a total value of $126,942.86. Following the transaction, the chief financial officer owned 353,964 shares in the company, valued at approximately $7,670,399.88. This trade represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Subi Sethi sold 7,358 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $21.67, for a total value of $159,447.86. Following the completion of the transaction, the insider owned 218,788 shares in the company, valued at $4,741,135.96. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,407 shares of company stock worth $5,482,987. Corporate insiders own 3.31% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CWAN. Piper Sandler set a $27.00 price objective on shares of Clearwater Analytics and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. 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 report on Tuesday, April 22nd. The Goldman Sachs Group assumed coverage on shares of Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target for the company. Finally, Oppenheimer decreased their price target on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.90.

Clearwater Analytics Stock Performance

Clearwater Analytics stock traded down $0.26 during mid-day trading on Friday, hitting $21.99. The company had a trading volume of 1,579,919 shares, compared to its average volume of 2,574,800. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 0.04. Clearwater Analytics Holdings, Inc. has a 12-month low of $17.94 and a 12-month high of $35.71. The company's fifty day moving average is $22.75 and its 200-day moving average is $25.38. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 4.51 and a beta of 0.74.

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

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.