FORA Capital LLC Acquires 12,024 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

FORA Capital LLC lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,853 shares of the company's stock after buying an additional 12,024 shares during the quarter. FORA Capital LLC's holdings in Clearwater Analytics were worth $1,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Clearwater Analytics by 105.6% in the third quarter. Barclays PLC now owns 571,860 shares of the company's stock worth $14,439,000 after purchasing an additional 293,719 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after purchasing an additional 468 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Clearwater Analytics in the fourth quarter worth approximately $345,000. Jackson Square Capital LLC bought a new position in shares of Clearwater Analytics in the fourth quarter worth approximately $558,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after purchasing an additional 1,987 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Trading Up 2.4%

Shares of Clearwater Analytics stock traded up $0.56 on Friday, hitting $23.52. The stock had a trading volume of 3,079,336 shares, compared to its average volume of 2,273,116. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a one year low of $17.63 and a one year high of $35.71. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 8.23 and a beta of 0.79. The stock's 50-day simple moving average is $24.77 and its two-hundred day simple moving average is $27.42.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its earnings results 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. 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 for 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 was up 23.5% on a year-over-year basis. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CWAN shares. UBS Group upped their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada increased their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.00.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total value of $511,071.00. Following the completion of the transaction, the chief financial officer now directly owns 274,857 shares in the company, valued at $7,511,841.81. This trade represents a 6.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the completion of the transaction, the chief executive officer now owns 876,754 shares of the company's stock, valued at approximately $20,244,249.86. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 644,510 shares of company stock worth $18,478,363. Insiders own 4.60% of the company's stock.

About Clearwater Analytics

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.