Silvercrest Asset Management Group LLC Has $33.25 Million Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Silvercrest Asset Management Group LLC raised its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,208,086 shares of the company's stock after purchasing an additional 57,187 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.49% of Clearwater Analytics worth $33,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in shares of Clearwater Analytics during the 4th quarter worth $57,000. R Squared Ltd bought a new position in Clearwater Analytics in the fourth quarter valued at about $80,000. Aster Capital Management DIFC Ltd acquired a new position in Clearwater Analytics during the fourth quarter worth about $82,000. Nisa Investment Advisors LLC lifted its holdings 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 acquiring an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at approximately $88,000. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the transaction, the chief financial officer now owns 358,502 shares in the company, valued at approximately $9,528,983.16. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 4,141 shares of the firm's 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 sale, the executive now owns 7,902 shares of the company's stock, valued at approximately $218,490.30. This represents a 34.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,175 shares of company stock valued at $5,040,744. 3.31% of the stock is currently owned by insiders.

Clearwater Analytics Trading Down 1.0%

Shares of CWAN traded down $0.23 during mid-day trading on Thursday, reaching $22.22. 726,460 shares of the company were exchanged, compared to its average volume of 2,327,798. The business has a 50 day simple moving average of $24.08 and a two-hundred day simple moving average of $27.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a market capitalization of $6.29 billion, a PE ratio of 13.38, a PEG ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.63 and a 52 week high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating 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 company had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. During the same period in the prior year, the firm posted $0.10 EPS. The company's quarterly revenue was up 23.5% on a year-over-year basis. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Clearwater Analytics in a research report on Monday. They set a "neutral" rating and a $26.00 price objective for the company. Piper Sandler dropped their price target on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Morgan Stanley reissued an "overweight" rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. UBS Group upped their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada lifted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.40.

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.