GAMMA Investing LLC Boosts Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

GAMMA Investing LLC boosted its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 2,644.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,242 shares of the company's stock after acquiring an additional 33,958 shares during the period. GAMMA Investing LLC's holdings in Clearwater Analytics were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in Clearwater Analytics in the 4th quarter valued at about $57,000. Aster Capital Management DIFC Ltd acquired a new stake in Clearwater Analytics in the 4th quarter valued at about $82,000. OFI Invest Asset Management acquired a new stake in Clearwater Analytics in the 4th quarter valued at about $88,000. Assetmark Inc. acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $111,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Clearwater Analytics during the fourth quarter worth about $116,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWAN has been the subject of a number of recent research reports. Oppenheimer lowered their price target on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Wednesday, June 11th. Royal Bank Of Canada lifted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Piper Sandler lowered their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target for the company. Finally, UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.00.

Clearwater Analytics Trading Down 1.0%

Shares of CWAN traded down $0.21 during mid-day trading on Thursday, hitting $21.82. The company had a trading volume of 3,517,147 shares, compared to its average volume of 2,527,408. The business's 50-day simple moving average is $22.93 and its 200-day simple moving average is $26.11. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 0.04. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.63 and a 1-year high of $35.71. The stock has a market cap of $6.18 billion, a PE ratio of 12.99, a P/E/G ratio of 4.25 and a beta of 0.77.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $125.11 million. During the same period last year, the company earned $0.10 earnings per share. The company's quarterly revenue was up 23.5% on a year-over-year basis. Sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Buying and Selling

In other Clearwater Analytics news, Director Kathleen A. Corbet sold 12,634 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $23.66, for a total transaction of $298,920.44. Following the transaction, the director now directly owns 14,498 shares of the company's stock, valued at $343,022.68. The trade was a 46.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $22.25, for a total transaction of $416,075.00. Following the transaction, the chief financial officer now directly owns 348,885 shares in the company, valued at approximately $7,762,691.25. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,034 shares of company stock valued at $4,629,774. Insiders own 3.31% of the company's stock.

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.