CW Advisors LLC Purchases Shares of 109,614 Clearwater Analytics Holdings, Inc. $CWAN

Key Points

• CW Advisors LLC has purchased a stake of 109,614 shares in Clearwater Analytics Holdings, Inc. for approximately $2.94 million, as reported in their recent 13F filing with the SEC.
• Clearwater Analytics reported a net revenue of $181.94 million for the last quarter, surpassing analyst expectations and demonstrating a 70.4% year-over-year growth.
• The stock currently has a consensus rating of "Buy" from nine equity research analysts, with a target price average of $32.67.

CW Advisors LLC purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 109,614 shares of the company's stock, valued at approximately $2,938,000.

A number of other hedge funds have also bought and sold shares of CWAN. Nvwm LLC acquired a new position in Clearwater Analytics during the 1st quarter valued at approximately $46,000. CWM LLC increased its stake in shares of Clearwater Analytics by 714.6% in the first quarter. CWM LLC now owns 3,071 shares of the company's stock worth $82,000 after acquiring an additional 2,694 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Clearwater Analytics in the fourth quarter worth $121,000. Portside Wealth Group LLC acquired a new stake in shares of Clearwater Analytics in the first quarter worth $206,000. Finally, Norden Group LLC acquired a new stake in shares of Clearwater Analytics in the first quarter worth $232,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN opened at $20.8390 on Friday. The company's fifty day moving average price is $21.13 and its 200 day moving average price is $23.79. Clearwater Analytics Holdings, Inc. has a 1 year low of $17.98 and a 1 year high of $35.71. The company has a market capitalization of $6.09 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 4.91 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.02 and a current ratio of 2.02.

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

Analyst Ratings Changes

CWAN has been the topic of a number of research reports. 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. The Goldman Sachs Group upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Monday, August 11th. Oppenheimer cut their price objective on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 11th. Finally, DA Davidson cut their price objective on shares of Clearwater Analytics from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Clearwater Analytics presently has a consensus rating of "Buy" and a consensus target price of $32.67.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,460 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $21.67, for a total transaction of $96,648.20. Following the transaction, the executive directly owned 15,776 shares of the company's stock, valued at $341,865.92. This trade represents a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 11,275 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $19.42, for a total transaction of $218,960.50. Following the transaction, the chief financial officer directly owned 343,964 shares in the company, valued at approximately $6,679,780.88. The trade was a 3.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,786 shares of company stock valued at $4,810,539. 3.31% of the stock is currently owned by corporate insiders.

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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