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

Emerald Mutual Fund Advisers Trust increased its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,437 shares of the company's stock after acquiring an additional 26,339 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.11% of Clearwater Analytics worth $7,301,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in Clearwater Analytics in the fourth quarter valued at about $82,000. Assetmark Inc. acquired a new position in Clearwater Analytics in the fourth quarter valued at about $111,000. Harvest Fund Management Co. Ltd acquired a new position in Clearwater Analytics in the fourth quarter valued at about $116,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Clearwater Analytics in the fourth quarter valued at about $116,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth about $121,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Stock Down 1.9%

Shares of NYSE:CWAN traded down $0.42 during mid-day trading on Friday, reaching $21.83. 4,134,345 shares of the stock were exchanged, compared to its average volume of 2,587,069. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.18 billion, a P/E ratio of 12.99, a P/E/G ratio of 4.45 and a beta of 0.74. Clearwater Analytics Holdings, Inc. has a one year low of $18.75 and a one year high of $35.71. The stock's 50 day simple moving average is $22.72 and its 200-day simple moving average is $25.33.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $126.86 million during the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a return on equity of 5.22% and a net margin of 90.18%. The business's revenue was up 23.5% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. As a group, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their price target 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. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 price target on the stock. Oppenheimer dropped 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. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target on the stock. Finally, Piper Sandler set a $27.00 price target on Clearwater Analytics and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Clearwater Analytics currently has an average rating of "Moderate Buy" and an average target price of $31.90.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $22.25, for a total value of $416,075.00. Following the completion of the transaction, the chief financial officer directly owned 348,885 shares in the company, valued at $7,762,691.25. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen A. Corbet sold 12,634 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $23.66, for a total value of $298,920.44. Following the completion of the transaction, the director owned 14,498 shares of the company's stock, valued at approximately $343,022.68. This represents a 46.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 239,407 shares of company stock valued at $5,482,987. 3.31% of the stock is owned by insiders.

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.