GTS Securities LLC Makes New $479,000 Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

GTS Securities LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,389 shares of the company's stock, valued at approximately $479,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics during the 4th quarter valued at about $57,000. R Squared Ltd bought a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $80,000. Aster Capital Management DIFC Ltd bought a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $82,000. Nisa Investment Advisors LLC raised its stake in shares of Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after acquiring an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $88,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Insiders Place Their Bets

In other news, Director Kathleen A. Corbet sold 12,634 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total transaction of $298,920.44. Following the transaction, the director now owns 14,498 shares of the company's stock, valued at $343,022.68. This represents a 46.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.65, for a total value of $114,498.65. Following the completion of the sale, the executive now owns 7,902 shares of the company's stock, valued at $218,490.30. This represents a 34.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,175 shares of company stock valued at $5,040,744. 3.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. 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. JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target on the stock. Piper Sandler dropped their price target on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, UBS Group lifted their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Clearwater Analytics Price Performance

CWAN stock traded up $0.84 during trading on Friday, hitting $23.07. The company had a trading volume of 4,119,600 shares, compared to its average volume of 2,386,860. The company has a fifty day moving average price of $23.45 and a two-hundred day moving average price of $26.85. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $17.63 and a fifty-two week high of $35.71. The company has a market cap of $6.54 billion, a P/E ratio of 13.90, a P/E/G ratio of 8.23 and a beta of 0.79. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $125.11 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business's revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.