105,000 Shares in Clearwater Analytics Holdings, Inc. $CWAN Bought by Monashee Investment Management LLC

Key Points

• Monashee Investment Management LLC made a new investment of approximately $2.81 million in Clearwater Analytics Holdings, purchasing 105,000 shares during the first quarter.
• Several institutional investors, including Vanguard Group and Brown Advisory, significantly increased their stakes in Clearwater Analytics, collectively holding over 50% of the company's stock.
• Clearwater Analytics recently reported quarterly revenue of $181.94 million, surpassing analyst estimates, but missed earnings per share expectations with a report of $0.12 EPS.

Monashee Investment Management LLC acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 105,000 shares of the company's stock, valued at approximately $2,814,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zevenbergen Capital Investments LLC increased its stake in Clearwater Analytics by 48.6% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 909,429 shares of the company's stock valued at $24,373,000 after purchasing an additional 297,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Clearwater Analytics during the 1st quarter valued at about $314,000. Vanguard Group Inc. boosted its holdings in shares of Clearwater Analytics by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company's stock valued at $623,001,000 after acquiring an additional 2,366,715 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of Clearwater Analytics during the 1st quarter valued at about $409,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Clearwater Analytics during the 4th quarter valued at about $8,580,000. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

Shares of CWAN stock traded down $0.35 during mid-day trading on Monday, hitting $20.50. The company had a trading volume of 3,680,749 shares, compared to its average volume of 3,389,707. Clearwater Analytics Holdings, Inc. has a 52-week low of $17.98 and a 52-week high of $35.71. The company has a market capitalization of $6.00 billion, a P/E ratio of 12.89, a P/E/G ratio of 4.91 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 2.02. The stock's 50 day moving average price is $21.13 and its 200-day moving average price is $23.75.

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

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 7,358 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $21.67, for a total transaction of $159,447.86. Following the transaction, the insider directly owned 218,788 shares in the company, valued at $4,741,135.96. This represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $22.50, for a total transaction of $420,750.00. Following the transaction, the chief financial officer owned 348,964 shares in the company, valued at approximately $7,851,690. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,786 shares of company stock valued at $4,810,539 in the last 90 days. Insiders own 3.31% of the company's stock.

Analysts Set New Price Targets

CWAN has been the topic of a number of recent analyst reports. Oppenheimer dropped their price target on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Wednesday, June 11th. The Goldman Sachs Group raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Monday, August 11th. Piper Sandler set a $27.00 price objective on shares of Clearwater Analytics and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Finally, DA Davidson dropped their price objective on shares of Clearwater Analytics from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $32.67.

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.