Versor Investments LP Acquires New Shares in Clearwater Analytics Holdings, Inc. $CWAN

Key Points

• Versor Investments LP has acquired 15,500 shares of Clearwater Analytics Holdings, valued at approximately $415,000, as reported in its recent 13F filing with the SEC.
• Multiple institutional investors have increased their stakes in Clearwater Analytics, which now has 50.10% of its stock held by such investors.
• Despite a market capitalization of $5.72 billion, Clearwater Analytics recently reported an EPS miss of $0.12, falling short of estimates, although revenues grew significantly year-over-year.

Versor Investments LP bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,500 shares of the company's stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nvwm LLC purchased a new position in Clearwater Analytics in the 1st quarter worth about $46,000. CWM LLC boosted its stake in shares of Clearwater Analytics by 714.6% in the 1st quarter. CWM LLC now owns 3,071 shares of the company's stock worth $82,000 after buying an additional 2,694 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Clearwater Analytics during the 4th quarter valued at about $121,000. Portside Wealth Group LLC purchased a new stake in shares of Clearwater Analytics during the 1st quarter valued at about $206,000. Finally, Norden Group LLC purchased a new stake in shares of Clearwater Analytics during the 1st quarter valued at about $232,000. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Trading Down 2.2%

NYSE CWAN traded down $0.4550 on Monday, hitting $20.3950. 1,660,877 shares of the stock were exchanged, compared to its average volume of 3,376,682. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a fifty day moving average price of $21.13 and a two-hundred day moving average price of $23.75. The firm has a market capitalization of $5.96 billion, a P/E ratio of 12.81, a P/E/G ratio of 4.91 and a beta of 0.73. Clearwater Analytics Holdings, Inc. has a 52-week low of $17.98 and a 52-week high of $35.71.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Piper Sandler set a $27.00 price target on shares of Clearwater Analytics and gave the company an "overweight" rating in a research report on Tuesday, June 24th. The Goldman Sachs Group raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and set a $27.00 target price for the company in a report on Monday, August 11th. DA Davidson lowered their price objective on Clearwater Analytics from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $32.67.

Insiders Place Their Bets

In other news, CRO Scott Stanley Erickson sold 4,460 shares of Clearwater Analytics stock in a transaction on Monday, June 30th. The stock was sold at an average price of $21.67, for a total transaction of $96,648.20. Following the completion of the sale, the executive directly owned 15,776 shares in the company, valued at approximately $341,865.92. This trade represents a 22.04% 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 link. Also, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the chief technology officer owned 132,549 shares of the company's stock, valued at approximately $2,650,980. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,786 shares of company stock valued at $4,810,539 in the last three months. 3.31% of the stock is owned by company insiders.

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.