Rhumbline Advisers Acquires 39,559 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Rhumbline Advisers grew its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 20.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 235,647 shares of the company’s stock after buying an additional 39,559 shares during the period. Rhumbline Advisers’ holdings in Clearwater Analytics were worth $6,485,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CWAN. Wasatch Advisors LP increased its stake in Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after purchasing an additional 559,564 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Clearwater Analytics by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock valued at $171,156,000 after buying an additional 107,210 shares during the period. State Street Corp lifted its holdings in Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after purchasing an additional 1,009,548 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clearwater Analytics by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock worth $88,710,000 after buying an additional 187,881 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Clearwater Analytics by 11.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock worth $83,186,000 after acquiring an additional 327,880 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at $15,944,485.95. This represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total value of $113,082.30. Following the completion of the sale, the executive now directly owns 6,373 shares of the company’s stock, valued at $185,263.11. The trade was a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 733,431 shares of company stock valued at $21,444,493 over the last three months. 4.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CWAN has been the subject of several analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Wells Fargo & Company boosted their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Royal Bank of Canada upped their price objective 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. 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, Oppenheimer lifted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.80.

Clearwater Analytics Trading Down 0.8 %

Shares of CWAN opened at $30.34 on Thursday. The business’s 50-day moving average price is $28.12 and its 200-day moving average price is $27.31. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.49 billion, a PE ratio of 18.28, a P/E/G ratio of 8.23 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The business had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. On average, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

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.