21,976 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, HoldingsChannel reports. The fund acquired 21,976 shares of the company’s stock, valued at approximately $605,000.

Other institutional investors also recently bought and sold shares of the company. Champlain Investment Partners LLC purchased a new position in Clearwater Analytics in the 3rd quarter worth approximately $53,559,000. Principal Financial Group Inc. lifted its stake in Clearwater Analytics by 1,600.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock worth $39,690,000 after purchasing an additional 1,357,425 shares in the last quarter. State Street Corp lifted its stake in Clearwater Analytics by 38.7% in the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after purchasing an additional 1,009,548 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Clearwater Analytics by 189.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock worth $34,926,000 after purchasing an additional 830,684 shares in the last quarter. Finally, Wasatch Advisors LP lifted its stake in Clearwater Analytics by 3.2% in 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. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. Royal Bank of Canada raised their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Oppenheimer lifted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

Clearwater Analytics Stock Up 2.1 %

Shares of NYSE CWAN opened at $30.72 on Thursday. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 8.23 and a beta of 0.72. 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 business’s 50 day moving average is $28.28 and its two-hundred day moving average is $27.54.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. 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 Clearwater Analytics news, CRO Scott Stanley Erickson sold 76,256 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were 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 in the company, valued at $2,356,375.41. The trade was a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the completion of the transaction, the chief executive officer now owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. This trade represents a 23.96 % 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 quarter. 4.60% of the stock is owned by company insiders.

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.