Diversify Wealth Management LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Diversify Wealth Management LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,119 shares of the company's stock, valued at approximately $620,000.

Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Clearwater Analytics during the 4th quarter worth $82,000. Assetmark Inc. acquired a new position in Clearwater Analytics during the 4th quarter worth about $111,000. Harvest Fund Management Co. Ltd acquired a new position in Clearwater Analytics during the 4th quarter worth about $116,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Clearwater Analytics during the 4th quarter worth about $116,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Clearwater Analytics during the 4th quarter worth about $121,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Subi Sethi sold 7,358 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $21.67, for a total value of $159,447.86. Following the completion of the transaction, the insider owned 218,788 shares in the company, valued at approximately $4,741,135.96. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Souvik Das sold 5,273 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $21.67, for a total value of $114,265.91. Following the transaction, the chief technology officer owned 142,549 shares of the company's stock, valued at $3,089,036.83. This represents a 3.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,407 shares of company stock worth $5,482,987. 3.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CWAN has been the topic of a number of analyst reports. Oppenheimer reduced their price target on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 11th. Piper Sandler set a $27.00 target price on Clearwater Analytics and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. The Goldman Sachs Group started coverage on Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 target price on the stock. Wells Fargo & Company cut their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. started coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.90.

Clearwater Analytics Stock Down 1.9%

NYSE CWAN traded down $0.42 during mid-day trading on Friday, reaching $21.83. 4,134,345 shares of the company's stock traded hands, compared to its average volume of 2,592,768. Clearwater Analytics Holdings, Inc. has a 1-year low of $18.75 and a 1-year high of $35.71. The company has a fifty day simple moving average of $22.72 and a 200-day simple moving average of $25.31. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 4.37 and a beta of 0.74.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued 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. Clearwater Analytics had a return on equity of 5.22% and a net margin of 90.18%. The firm had revenue of $126.86 million during the quarter, compared to analyst estimates of $125.11 million. During the same quarter last year, the firm earned $0.10 EPS. Clearwater Analytics's quarterly revenue was up 23.5% on a year-over-year basis. As a group, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current 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.