NBC Securities Inc. Increases Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

NBC Securities Inc. raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 101,600.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,306 shares of the company's stock after buying an additional 18,288 shares during the period. NBC Securities Inc.'s holdings in Clearwater Analytics were worth $490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $57,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $82,000. OFI Invest Asset Management acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $88,000. Assetmark Inc. acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $116,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Clearwater Analytics Price Performance

CWAN traded up $0.27 on Friday, reaching $23.93. 4,068,780 shares of the company's stock were exchanged, compared to its average volume of 2,412,925. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The stock has a market cap of $6.78 billion, a PE ratio of 14.42, a P/E/G ratio of 8.23 and a beta of 0.77. The stock's fifty day moving average price is $23.10 and its 200-day moving average price is $26.66. Clearwater Analytics Holdings, Inc. has a twelve month low of $17.63 and a twelve month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its 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. The company had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Clearwater Analytics's revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. Sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total value of $1,328,000.00. Following the transaction, the chief executive officer now directly owns 857,798 shares in the company, valued at approximately $22,783,114.88. This represents a 5.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the completion of the transaction, the executive now owns 7,902 shares in the company, valued at approximately $218,490.30. This represents a 34.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,175 shares of company stock worth $5,040,744 in the last ninety days. 3.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price on the stock. Piper Sandler dropped their target price on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley reiterated an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. UBS Group lifted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. One 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 presently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

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.