Corient Private Wealth LLC Sells 5,038 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Corient Private Wealth LLC reduced its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,847 shares of the company’s stock after selling 5,038 shares during the period. Corient Private Wealth LLC’s holdings in Clearwater Analytics were worth $1,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Clearwater Analytics by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock valued at $469,000 after purchasing an additional 502 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock worth $142,000 after purchasing an additional 521 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in Clearwater Analytics by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after purchasing an additional 598 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares during the period. 50.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Oppenheimer boosted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Finally, UBS Group raised their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, Clearwater Analytics has an average rating of “Moderate Buy” and a consensus price target of $33.80.

Insider Activity

In other Clearwater Analytics 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 value of $497,046.00. Following the transaction, the chief financial officer now directly owns 358,502 shares in the company, valued at $9,528,983.16. This represents a 4.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Scott Stanley Erickson sold 76,256 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the sale, the executive now directly owns 78,363 shares of the company’s stock, valued at $2,356,375.41. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 644,510 shares of company stock valued at $18,688,862. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Stock Up 2.3 %

Shares of CWAN opened at $27.11 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a market cap of $6.80 billion, a PE ratio of 16.33, a P/E/G ratio of 8.23 and a beta of 0.69. The business has a fifty day moving average of $28.28 and a 200 day moving average of $27.85.

Clearwater Analytics (NYSE:CWAN) last released its quarterly 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 firm had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. On average, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current 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.