Xponance Inc. Grows Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Xponance Inc. lifted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,731 shares of the company’s stock after purchasing an additional 2,715 shares during the quarter. Xponance Inc.’s holdings in Clearwater Analytics were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CWAN. Victory Capital Management Inc. grew its stake in shares of Clearwater Analytics by 12.7% in the third quarter. Victory Capital Management Inc. now owns 17,423 shares of the company’s stock worth $440,000 after acquiring an additional 1,964 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Clearwater Analytics by 16.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 75,148 shares of the company’s stock worth $1,898,000 after purchasing an additional 10,518 shares in the last quarter. Advisors Asset Management Inc. grew its position in Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after purchasing an additional 995 shares during the last quarter. Intech Investment Management LLC bought a new stake in Clearwater Analytics during the 3rd quarter valued at about $717,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Clearwater Analytics by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,295,413 shares of the company’s stock worth $32,709,000 after buying an additional 60,948 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Down 0.9 %

CWAN stock opened at $27.05 on Friday. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 8.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The business’s 50-day moving average is $28.31 and its two-hundred day moving average is $27.86. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The business had revenue of $126.47 million during 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%. As a group, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on CWAN. Morgan Stanley reiterated an “overweight” rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their target price for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. UBS Group upped 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. Finally, Royal Bank of Canada increased 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. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.80.

Insider Transactions at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the transaction, the executive now directly owns 7,902 shares of the company’s stock, valued at $218,490.30. The trade was a 34.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock worth $18,688,862 in the last 90 days. 4.60% of the stock is currently owned by insiders.

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.