Sei Investments Co. Has $43.24 Million Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Sei Investments Co. lowered its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,571,282 shares of the company’s stock after selling 436,125 shares during the quarter. Sei Investments Co. owned approximately 0.64% of Clearwater Analytics worth $43,242,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP increased its position in Clearwater Analytics by 211.4% during the fourth quarter. Quantbot Technologies LP now owns 256,336 shares of the company’s stock worth $7,054,000 after buying an additional 174,013 shares during the last quarter. Sciencast Management LP acquired a new position in shares of Clearwater Analytics in the fourth quarter valued at $1,392,000. Magnetar Financial LLC bought a new position in shares of Clearwater Analytics in the fourth quarter valued at about $626,000. Teacher Retirement System of Texas bought a new stake in shares of Clearwater Analytics during the 4th quarter worth about $2,215,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Clearwater Analytics in the 4th quarter valued at about $116,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CWAN shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. 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 research note on Thursday, February 20th. Oppenheimer raised their target price 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. Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. Finally, Wells Fargo & Company increased their target price on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

Clearwater Analytics Price Performance

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. The stock has a market cap of $6.80 billion, a PE ratio of 16.33, a PEG ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The business has a 50-day simple moving average of $28.28 and a two-hundred day simple moving average of $27.85.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results 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 for 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%. Analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the completion of the sale, the chief financial officer now directly owns 279,857 shares in the company, valued at $7,539,347.58. This represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Scott Stanley Erickson sold 4,141 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the sale, the executive now directly owns 7,902 shares in the company, valued at $218,490.30. This trade represents a 34.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 644,510 shares of company stock valued at $18,688,862. Company insiders own 4.60% of the company’s stock.

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.