Wolverine Trading LLC Buys Shares of 22,188 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Wolverine Trading LLC acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,188 shares of the company's stock, valued at approximately $614,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings in shares of Clearwater Analytics by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after acquiring an additional 502 shares during the period. Exchange Traded Concepts LLC grew its position in Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after purchasing an additional 521 shares during the last quarter. Summit Creek Advisors LLC increased its stake in Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock valued at $7,844,000 after purchasing an additional 833 shares during the period. Bullseye Asset Management LLC raised its holdings in shares of Clearwater Analytics by 1.1% in the fourth quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company's stock valued at $3,087,000 after buying an additional 1,181 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Clearwater Analytics by 5.8% in the fourth quarter. Truist Financial Corp now owns 21,915 shares of the company's stock valued at $603,000 after buying an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CWAN. JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target on the stock. Royal Bank of Canada lifted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company cut their price target on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler decreased their price target on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, 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. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Insider Activity

In other news, CRO Scott Stanley Erickson sold 4,141 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the completion of the transaction, the executive now owns 7,902 shares in the company, valued at $218,490.30. This trade represents a 34.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $26.56, for a total transaction of $1,328,000.00. Following the completion of the sale, the chief executive officer now owns 857,798 shares in the company, valued at $22,783,114.88. This represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 204,175 shares of company stock worth $5,040,744. Company insiders own 3.31% of the company's stock.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded down $0.31 during trading on Monday, hitting $22.80. 2,998,464 shares of the company were exchanged, compared to its average volume of 2,389,286. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a 1 year low of $17.63 and a 1 year high of $35.71. The firm's fifty day moving average price is $23.36 and its 200 day moving average price is $26.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. During the same quarter last year, the business earned $0.10 earnings per share. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. On average, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.