Victory Capital Management Inc. Purchases 4,578 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Victory Capital Management Inc. increased its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,001 shares of the company’s stock after purchasing an additional 4,578 shares during the quarter. Victory Capital Management Inc.’s holdings in Clearwater Analytics were worth $605,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Wasatch Advisors LP grew its position in Clearwater Analytics by 3.2% in the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after purchasing an additional 559,564 shares during the period. State Street Corp grew its position in Clearwater Analytics by 38.7% in 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 period. Geode Capital Management LLC grew its position in Clearwater Analytics by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock valued at $88,710,000 after purchasing an additional 187,881 shares during the period. Loomis Sayles & Co. L P grew its position in Clearwater Analytics by 11.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after purchasing an additional 327,880 shares during the period. Finally, Wellington Management Group LLP grew its position in Clearwater Analytics by 10.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,003,930 shares of the company’s stock valued at $75,849,000 after purchasing an additional 281,958 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Trading Down 0.6 %

NYSE CWAN opened at $26.52 on Friday. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. 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 business’s fifty day moving average is $28.26 and its 200-day moving average is $27.77.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 76,256 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $2,293,017.92. Following the completion of the transaction, the executive now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the transaction, the chief executive officer now directly owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock worth $18,688,862 over the last ninety days. Insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

CWAN has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. UBS Group lifted their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their price objective on shares of 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 lifted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Oppenheimer lifted their price objective 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 research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.80.

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.