Brown Advisory Inc. Has $37.71 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Brown Advisory Inc. boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 15,661.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 0.56% of Clearwater Analytics worth $37,709,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CWAN. Vanguard Group Inc. raised 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 purchasing an additional 2,455,844 shares during the last quarter. Alliancebernstein L.P. increased 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 worth $202,931,000 after acquiring an additional 2,931,445 shares during the last quarter. Wellington Management Group LLP raised its position 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. JPMorgan Chase & Co. lifted its position in shares of Clearwater Analytics by 52.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock worth $126,972,000 after acquiring an additional 1,585,869 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Clearwater Analytics by 9.0% during the 4th quarter. Invesco Ltd. now owns 4,253,863 shares of the company's stock worth $117,066,000 after purchasing an additional 352,201 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Price Performance

Shares of CWAN opened at $22.58 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.09 and a current ratio of 5.09. The stock has a market cap of $6.40 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 4.45 and a beta of 0.74. The firm's 50-day simple moving average is $22.76 and its two-hundred day simple moving average is $25.42. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $17.63 and a fifty-two week high of $35.71.

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

Insider Activity at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 4,460 shares of Clearwater Analytics stock in a transaction on Monday, June 30th. The stock was sold at an average price of $21.67, for a total value of $96,648.20. Following the completion of the sale, the executive owned 15,776 shares of the company's stock, valued at $341,865.92. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James S. Cox sold 5,858 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $21.67, for a total value of $126,942.86. Following the sale, the chief financial officer owned 353,964 shares of the company's stock, valued at approximately $7,670,399.88. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 239,407 shares of company stock valued at $5,482,987 over the last three months. 3.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group started coverage on Clearwater Analytics in a research report on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price for the company. Piper Sandler set a $27.00 price target on shares of Clearwater Analytics and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Oppenheimer cut their target price 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. Finally, 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 target on the stock. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Clearwater Analytics has a consensus rating of "Moderate Buy" and an average price target of $31.90.

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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