Capital Fund Management S.A. Increases Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Key Points

• Capital Fund Management S.A. increased its holdings in Clearwater Analytics Holdings, Inc. by 18.8% during the 1st quarter, acquiring 30,517 shares to reach a total of 192,624 shares worth approximately $5.16 million.
• Major institutional investors, including Vanguard Group and Wellington Management, also significantly increased their positions in Clearwater Analytics, demonstrating strong investor interest in the company.
• The company's recent earnings report showed a revenue increase of 70.4% year-over-year, but it fell short of analysts' consensus EPS estimates, prompting a range of price target adjustments from various equities research analysts.

Capital Fund Management S.A. grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 18.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 192,624 shares of the company's stock after purchasing an additional 30,517 shares during the quarter. Capital Fund Management S.A. owned approximately 0.07% of Clearwater Analytics worth $5,162,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC grew its holdings in shares of Clearwater Analytics by 433.6% during the first quarter. Hsbc Holdings PLC now owns 114,680 shares of the company's stock worth $3,025,000 after purchasing an additional 93,187 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Clearwater Analytics during the first quarter worth about $56,648,000. Wellington Management Group LLP grew its holdings in shares of Clearwater Analytics by 7.7% during the first quarter. Wellington Management Group LLP now owns 6,412,929 shares of the company's stock worth $171,866,000 after purchasing an additional 458,444 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Clearwater Analytics by 6.8% during the first quarter. Northern Trust Corp now owns 2,075,355 shares of the company's stock worth $55,620,000 after purchasing an additional 132,891 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of Clearwater Analytics during the first quarter worth about $415,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $22.15, for a total value of $1,107,500.00. Following the completion of the sale, the chief executive officer directly owned 895,663 shares of the company's stock, valued at approximately $19,838,935.45. The trade was a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $22.50, for a total transaction of $420,750.00. Following the completion of the sale, the chief financial officer directly owned 348,964 shares of the company's stock, valued at $7,851,690. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 266,748 shares of company stock valued at $5,755,414. 3.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CWAN. Oppenheimer lowered their price target on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Wednesday, June 11th. DA Davidson reduced their price objective on shares of Clearwater Analytics from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Piper Sandler set a $27.00 price objective on shares of Clearwater Analytics and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Monday, August 11th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Clearwater Analytics presently has an average rating of "Buy" and a consensus price target of $32.67.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock traded up $0.23 during trading on Wednesday, hitting $20.20. 1,872,768 shares of the company were exchanged, compared to its average volume of 3,409,886. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $17.98 and a fifty-two week high of $35.71. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 4.83 and a beta of 0.73. The firm has a 50 day moving average price of $21.05 and a 200 day moving average price of $23.67.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Clearwater Analytics had a return on equity of 3.23% and a net margin of 73.74%.The company had revenue of $181.94 million for the quarter, compared to analyst estimates of $174.16 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company's revenue for the quarter was up 70.4% on a year-over-year basis. On average, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

About Clearwater Analytics

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.