Seven Grand Managers LLC Sells 65,000 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Seven Grand Managers LLC lessened its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,000 shares of the company's stock after selling 65,000 shares during the period. Clearwater Analytics accounts for about 1.7% of Seven Grand Managers LLC's investment portfolio, making the stock its 23rd biggest holding. Seven Grand Managers LLC owned approximately 0.05% of Clearwater Analytics worth $3,715,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CWAN. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics during the 4th quarter worth about $57,000. R Squared Ltd acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $80,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Clearwater Analytics in the fourth quarter worth $82,000. Nisa Investment Advisors LLC lifted its stake 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 buying an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Clearwater Analytics during the 4th quarter worth $88,000. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $23.97 on Friday. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.63 and a 12 month high of $35.71. The company has a market capitalization of $6.79 billion, a P/E ratio of 14.44, a P/E/G ratio of 8.23 and a beta of 0.79. The stock has a 50 day moving average of $24.38 and a two-hundred day moving average of $27.35. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $125.11 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The business's revenue was up 23.5% compared to the same quarter last year. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $24.29, for a total transaction of $1,214,500.00. Following the completion of the transaction, the chief executive officer now directly owns 876,754 shares in the company, valued at $21,296,354.66. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Subi Sethi sold 62,482 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares in the company, valued at $4,359,338.11. This represents a 30.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock valued at $18,311,363 over the last quarter. 3.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CWAN. Wells Fargo & Company dropped their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. UBS Group boosted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Morgan Stanley restated an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. JPMorgan Chase & Co. began coverage on Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target on the stock. Finally, Royal Bank of Canada increased their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

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.

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