Silvercrest Asset Management Group LLC Grows Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

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

Several other large investors also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI bought a new stake in Clearwater Analytics in the 4th quarter worth $57,000. R Squared Ltd bought a new stake in Clearwater Analytics in the 4th quarter worth $80,000. Aster Capital Management DIFC Ltd bought a new stake in Clearwater Analytics in the 4th quarter worth $82,000. Nisa Investment Advisors LLC grew its holdings in Clearwater Analytics by 174.1% in the 4th 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 bought a new stake in Clearwater Analytics in the 4th quarter worth $88,000. Institutional investors own 50.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CWAN. Morgan Stanley reaffirmed 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. Wells Fargo & Company cut their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler lowered their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada lifted 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.40.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the transaction, the chief executive officer now owns 681,588 shares in the company, valued at $20,495,351.16. This trade represents a 24.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 76,256 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the completion of the sale, the executive now directly owns 78,363 shares of the company's stock, valued at $2,356,375.41. The trade was a 49.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 625,810 shares of company stock worth $17,800,292 in the last three months. Corporate insiders own 3.31% of the company's stock.

Clearwater Analytics Stock Performance

NYSE CWAN traded up $0.14 during trading hours on Tuesday, hitting $23.66. The company's stock had a trading volume of 4,348,431 shares, compared to its average volume of 2,325,362. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.63 and a 12 month high of $35.71. The company's 50 day simple moving average is $24.17 and its two-hundred day simple moving average is $27.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market cap of $6.70 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share 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 period in the previous year, the company earned $0.10 earnings per share. The firm's quarterly revenue was up 23.5% on a year-over-year basis. As a group, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal 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.