Legato Capital Management LLC Buys Shares of 25,255 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Legato Capital Management LLC bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,255 shares of the company's stock, valued at approximately $677,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Clearwater Analytics during the fourth quarter valued at approximately $82,000. CWM LLC increased its position in shares of Clearwater Analytics by 714.6% during the first quarter. CWM LLC now owns 3,071 shares of the company's stock valued at $82,000 after purchasing an additional 2,694 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Clearwater Analytics during the fourth quarter valued at approximately $116,000. Kapitalo Investimentos Ltda bought a new stake in shares of Clearwater Analytics during the fourth quarter valued at approximately $121,000. Finally, Headlands Technologies LLC bought a new stake in shares of Clearwater Analytics during the fourth quarter valued at approximately $176,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Price Performance

Clearwater Analytics stock traded up $0.16 on Friday, reaching $21.29. The company's stock had a trading volume of 3,195,764 shares, compared to its average volume of 4,022,312. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.09 and a current ratio of 5.09. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 4.23 and a beta of 0.74. The business's fifty day moving average price is $22.37 and its 200 day moving average price is $24.95. Clearwater Analytics Holdings, Inc. has a twelve month low of $19.46 and a twelve month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $126.86 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $22.50, for a total value of $420,750.00. Following the transaction, the chief financial officer owned 348,964 shares of the company's stock, valued at approximately $7,851,690. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen A. Corbet sold 12,634 shares of the company's stock in a transaction 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 transaction, the director directly owned 14,498 shares in the company, valued at $343,022.68. This trade represents a 46.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,107 shares of company stock worth $5,844,208 in the last three months. Company insiders own 3.31% of the company's stock.

Analyst Upgrades and Downgrades

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

Clearwater Analytics Company 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.