Universal Beteiligungs und Servicegesellschaft mbH Acquires 60,038 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Clearwater Analytics by 19.3%, acquiring an additional 60,038 shares during the first quarter, bringing its total ownership to 371,810 shares valued at approximately $9.97 million.
• Clearwater Analytics reported $0.13 earnings per share for the last quarter, surpassing estimates and achieving a 23.5% increase in revenue year-over-year at $126.86 million.
• Analysts have set varying price targets for Clearwater Analytics, with a consensus average target of $31.90, as several firms have given the stock an "overweight" or "buy" rating.

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 19.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 371,810 shares of the company's stock after acquiring an additional 60,038 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of Clearwater Analytics worth $9,965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CWAN. Allianz Asset Management GmbH purchased a new stake in Clearwater Analytics in the first quarter worth approximately $16,895,000. Victory Capital Management Inc. boosted its stake in Clearwater Analytics by 523.2% in the first quarter. Victory Capital Management Inc. now owns 137,108 shares of the company's stock worth $3,674,000 after buying an additional 115,107 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Clearwater Analytics by 3.9% in the first quarter. Apollon Wealth Management LLC now owns 12,341 shares of the company's stock worth $331,000 after buying an additional 459 shares in the last quarter. CWM LLC boosted its stake in Clearwater Analytics by 714.6% in the first quarter. CWM LLC now owns 3,071 shares of the company's stock worth $82,000 after buying an additional 2,694 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Clearwater Analytics by 35.5% in the first quarter. Stephens Investment Management Group LLC now owns 1,720,243 shares of the company's stock worth $46,103,000 after buying an additional 451,122 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock traded down $0.31 during trading on Tuesday, reaching $21.18. 475,580 shares of the stock traded hands, compared to its average volume of 3,150,438. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.09 and a quick ratio of 5.09. Clearwater Analytics Holdings, Inc. has a 52-week low of $19.46 and a 52-week high of $35.71. The business has a fifty day simple moving average of $22.28 and a two-hundred day simple moving average of $24.84. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 4.26 and a beta of 0.74.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $126.86 million during the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a net margin of 90.18% and a return on equity of 5.22%. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. Sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $22.15, for a total transaction of $1,107,500.00. Following the completion of the sale, the chief executive officer owned 895,663 shares of the company's stock, valued at approximately $19,838,935.45. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Subi Sethi sold 7,358 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $21.67, for a total transaction of $159,447.86. Following the sale, the insider directly owned 218,788 shares of the company's stock, valued at $4,741,135.96. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,107 shares of company stock valued at $5,844,208 over the last quarter. Corporate insiders own 3.31% of the company's stock.

Analyst Upgrades and Downgrades

CWAN has been the subject of several research reports. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research note on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price for the company. Wells Fargo & Company lowered their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective for the company. Oppenheimer lowered their price objective on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Wednesday, June 11th. Finally, 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.90.

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.