Emerald Mutual Fund Advisers Trust Has $7.30 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,437 shares of the company's stock after purchasing an additional 26,339 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.11% of Clearwater Analytics worth $7,301,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Clearwater Analytics during the fourth quarter worth $82,000. Assetmark Inc. bought a new stake in Clearwater Analytics during the fourth quarter worth $111,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Clearwater Analytics during the fourth quarter worth $116,000. Harvest Fund Management Co. Ltd bought a new stake in Clearwater Analytics during the fourth quarter worth $116,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Clearwater Analytics during the fourth quarter worth $121,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,460 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $21.67, for a total transaction of $96,648.20. Following the sale, the executive directly owned 15,776 shares in the company, valued at $341,865.92. This represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James S. Cox sold 5,858 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $21.67, for a total transaction of $126,942.86. Following the sale, the chief financial officer owned 353,964 shares in the company, valued at $7,670,399.88. The trade was a 1.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 170,707 shares of company stock valued at $3,895,208. Company insiders own 3.31% of the company's stock.

Clearwater Analytics Stock Performance

NYSE:CWAN traded down $0.02 during mid-day trading on Tuesday, reaching $22.05. 4,269,228 shares of the company's stock were exchanged, compared to its average volume of 2,604,297. Clearwater Analytics Holdings, Inc. has a one year low of $18.75 and a one year high of $35.71. The firm has a market capitalization of $6.24 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. The business's fifty day simple moving average is $22.72 and its two-hundred day simple moving average is $25.29. 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 (NYSE:CWAN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a net margin of 90.18% and a return on equity of 5.22%. The business had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. During the same period last year, the firm earned $0.10 earnings per share. Clearwater Analytics's revenue for the quarter was up 23.5% compared to the same quarter last year. Analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 price target 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 price objective on the stock. Oppenheimer dropped 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 report on Wednesday, June 11th. 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, Wells Fargo & Company dropped their price objective on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.90.

Clearwater Analytics 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.