Raymond James & Associates Grows Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Raymond James & Associates raised its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 658,579 shares of the company’s stock after acquiring an additional 9,976 shares during the quarter. Raymond James & Associates’ holdings in Clearwater Analytics were worth $16,629,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Clearwater Analytics by 36.6% in the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock valued at $258,628,000 after acquiring an additional 3,461,158 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Clearwater Analytics by 28.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,359,848 shares of the company’s stock valued at $77,126,000 after purchasing an additional 971,920 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Clearwater Analytics by 35.6% in the first quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company’s stock valued at $289,962,000 after purchasing an additional 4,304,286 shares during the period. Capstone Investment Advisors LLC increased its stake in shares of Clearwater Analytics by 111.6% during the first quarter. Capstone Investment Advisors LLC now owns 68,710 shares of the company’s stock worth $1,215,000 after purchasing an additional 36,241 shares in the last quarter. Finally, RiverPark Advisors LLC raised its position in shares of Clearwater Analytics by 361.0% during the 1st quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock worth $95,000 after purchasing an additional 4,202 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 21,497 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total transaction of $522,377.10. Following the completion of the sale, the insider now owns 81,812 shares of the company’s stock, valued at $1,988,031.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total value of $489,192.00. Following the transaction, the chief financial officer now directly owns 224,044 shares in the company, valued at approximately $5,860,991.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Subi Sethi sold 21,497 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total transaction of $522,377.10. Following the transaction, the insider now directly owns 81,812 shares of the company’s stock, valued at $1,988,031.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,879,543 shares of company stock worth $247,145,339. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CWAN has been the topic of several research analyst reports. Royal Bank of Canada lifted their price objective on Clearwater Analytics from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Citigroup initiated coverage on Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 price target for the company. Piper Sandler restated a “neutral” rating and issued a $23.00 price objective on shares of Clearwater Analytics in a report on Monday, September 9th. Morgan Stanley upped their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company raised their price target on shares of Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.67.

Clearwater Analytics Stock Up 0.1 %

NYSE CWAN opened at $26.30 on Friday. The business’s fifty day simple moving average is $25.09 and its 200-day simple moving average is $21.19. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.46 billion, a PE ratio of -328.75, a P/E/G ratio of 9.16 and a beta of 0.62. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $27.65.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The company had revenue of $106.79 million for the quarter, compared to the consensus estimate of $105.51 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Clearwater Analytics’s quarterly revenue was up 18.8% compared to the same quarter last year. As a group, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current year.

Clearwater Analytics Company 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.