Seven Grand Managers LLC Has $3.72 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Seven Grand Managers LLC lessened its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 32.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,000 shares of the company's stock after selling 65,000 shares during the quarter. Clearwater Analytics comprises approximately 1.7% of Seven Grand Managers LLC's holdings, making the stock its 23rd biggest holding. Seven Grand Managers LLC owned approximately 0.05% of Clearwater Analytics worth $3,715,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in Clearwater Analytics during the 4th quarter worth approximately $57,000. R Squared Ltd bought a new stake in shares of Clearwater Analytics during the fourth quarter valued at approximately $80,000. Aster Capital Management DIFC Ltd acquired a new position in Clearwater Analytics during the 4th quarter worth $82,000. Nisa Investment Advisors LLC grew its position in Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after buying an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth about $88,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CWAN. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research report on Monday. They issued a "neutral" rating and a $26.00 price target for the company. UBS Group increased their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on shares of 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 dropped their target price on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Clearwater Analytics presently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Insiders Place Their Bets

In related news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction on 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 directly owns 857,798 shares of the company's stock, valued at $22,783,114.88. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Scott Stanley Erickson sold 4,141 shares of the stock in a transaction dated Monday, March 10th. The shares were 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 directly owns 7,902 shares in the company, valued at $218,490.30. The trade was a 34.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 191,541 shares of company stock valued at $4,741,824. 3.31% of the stock is currently owned by corporate insiders.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN traded down $1.01 during trading on Wednesday, reaching $22.65. The stock had a trading volume of 1,307,890 shares, compared to its average volume of 2,321,682. The stock has a market capitalization of $6.42 billion, a PE ratio of 13.64, a P/E/G ratio of 8.23 and a beta of 0.79. 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 Holdings, Inc. has a 52 week low of $17.63 and a 52 week high of $35.71. The business's 50-day moving average price is $24.17 and its 200 day moving average price is $27.29.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.86 million for the quarter, compared to analysts' expectations of $125.11 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business's revenue for the quarter was up 23.5% on a year-over-year basis. As a group, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.