Fox Run Management L.L.C. Has $1.51 Million Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Key Points

• Fox Run Management L.L.C. has increased its stake in Clearwater Analytics by 78.9%, holding a total of 56,490 shares valued at approximately $1.51 million as of the latest SEC filing.
• Several institutional investors have also made notable moves, including CWM LLC which increased its holdings by 714.6% and now owns shares worth about $82,000.
• Clearwater Analytics reported 70.4% year-over-year revenue growth in its most recent quarter, alongside earnings per share of $0.12, missing estimates by $0.01.

Fox Run Management L.L.C. increased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 78.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,490 shares of the company's stock after acquiring an additional 24,919 shares during the quarter. Fox Run Management L.L.C.'s holdings in Clearwater Analytics were worth $1,514,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Apollon Wealth Management LLC increased its holdings in Clearwater Analytics by 3.9% in the first quarter. Apollon Wealth Management LLC now owns 12,341 shares of the company's stock valued at $331,000 after buying an additional 459 shares during the last quarter. Huntleigh Advisors Inc. increased its holdings in Clearwater Analytics by 1.9% in the first quarter. Huntleigh Advisors Inc. now owns 32,211 shares of the company's stock valued at $863,000 after buying an additional 595 shares during the last quarter. Abacus FCF Advisors LLC increased its holdings in Clearwater Analytics by 2.8% in the first quarter. Abacus FCF Advisors LLC now owns 25,140 shares of the company's stock valued at $674,000 after buying an additional 682 shares during the last quarter. Cerity Partners LLC increased its holdings in Clearwater Analytics by 7.3% in the first quarter. Cerity Partners LLC now owns 11,598 shares of the company's stock valued at $311,000 after buying an additional 793 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Clearwater Analytics by 2.2% during the first quarter. KLP Kapitalforvaltning AS now owns 41,300 shares of the company's stock valued at $1,107,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock traded down $0.1050 during trading on Tuesday, reaching $19.5750. The company's stock had a trading volume of 893,916 shares, compared to its average volume of 3,360,653. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.02 and a current ratio of 2.02. The business's fifty day moving average price is $21.39 and its 200-day moving average price is $24.00. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 4.53 and a beta of 0.73. Clearwater Analytics Holdings, Inc. has a one year low of $17.98 and a one year high of $35.71.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CWAN shares. JPMorgan Chase & Co. began coverage on Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price for the company. The Goldman Sachs Group raised Clearwater Analytics from a "neutral" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Monday, August 11th. Piper Sandler set a $27.00 price target on Clearwater Analytics and gave the company an "overweight" rating in a research note on Tuesday, June 24th. Oppenheimer reduced their price objective on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Wednesday, June 11th. Finally, DA Davidson decreased their target price on Clearwater Analytics from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of "Buy" and a consensus target price of $32.67.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 11,275 shares of Clearwater Analytics stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $19.42, for a total transaction of $218,960.50. Following the sale, the chief financial officer directly owned 343,964 shares of the company's stock, valued at $6,679,780.88. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 4,460 shares of Clearwater Analytics stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $21.67, for a total value of $96,648.20. Following the sale, the executive directly owned 15,776 shares in the company, valued at approximately $341,865.92. This trade represents a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 206,748 shares of company stock valued at $4,549,748 over the last quarter. Company insiders own 3.31% of the company's stock.

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.