Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lessened its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,722,552 shares of the company's stock after selling 28,025 shares during the period. Clearwater Analytics comprises approximately 2.7% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 9th biggest position. Conestoga Capital Advisors LLC owned 2.68% of Clearwater Analytics worth $180,164,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $57,000. Aster Capital Management DIFC Ltd purchased a new position in Clearwater Analytics during the 4th quarter valued at about $82,000. OFI Invest Asset Management bought a new stake in shares of Clearwater Analytics in the 4th quarter valued at about $88,000. Assetmark Inc. bought a new stake in shares of Clearwater Analytics in the 4th quarter valued at about $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Clearwater Analytics in the 4th quarter worth approximately $116,000. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Down 2.3%

NYSE:CWAN traded down $0.50 during mid-day trading on Friday, hitting $21.30. 6,130,836 shares of the company's stock traded hands, compared to its average volume of 2,990,019. The company has a fifty day moving average of $22.93 and a 200 day moving average of $26.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.09 and a current ratio of 5.09. Clearwater Analytics Holdings, Inc. has a twelve month low of $17.63 and a twelve month high of $35.71. The company has a market capitalization of $6.03 billion, a P/E ratio of 12.68, a P/E/G ratio of 4.25 and a beta of 0.77.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. Clearwater Analytics had a return on equity of 5.22% and a net margin of 90.18%. The company's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $22.25, for a total transaction of $416,075.00. Following the completion of the sale, the chief financial officer now owns 348,885 shares of the company's stock, valued at $7,762,691.25. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $23.09, for a total value of $1,154,500.00. Following the completion of the sale, the chief executive officer now owns 876,754 shares in the company, valued at approximately $20,244,249.86. This represents a 5.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,034 shares of company stock worth $4,629,774. 3.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of recent research reports. JPMorgan Chase & Co. started coverage on shares of Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective for the company. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a report on Monday, May 19th. They issued a "neutral" rating and a $26.00 price target on the stock. Piper Sandler reduced their price target on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. UBS Group raised their price objective on 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 target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $32.00.

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.