Burkehill Global Management LP Invests $8.26 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Burkehill Global Management LP bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 300,000 shares of the company’s stock, valued at approximately $8,256,000. Burkehill Global Management LP owned approximately 0.12% of Clearwater Analytics as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Clearwater Analytics by 348.3% during the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock valued at $2,141,000 after purchasing an additional 65,878 shares in the last quarter. Atria Investments Inc boosted its stake in Clearwater Analytics by 5.7% during the third quarter. Atria Investments Inc now owns 36,653 shares of the company’s stock valued at $925,000 after buying an additional 1,971 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Clearwater Analytics during the 3rd quarter valued at approximately $360,000. Chartwell Investment Partners LLC increased its stake in Clearwater Analytics by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after acquiring an additional 395 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Clearwater Analytics in the 3rd quarter worth approximately $523,000. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $29.65, for a total value of $554,455.00. Following the completion of the sale, the chief financial officer now owns 214,044 shares in the company, valued at approximately $6,346,404.60. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Subi Sethi sold 62,482 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the sale, the insider now directly owns 144,973 shares of the company’s stock, valued at $4,359,338.11. The trade was a 30.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 594,510 shares of company stock valued at $17,418,271 in the last ninety days. Corporate insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently 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 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. Piper Sandler upgraded 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. UBS Group increased their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Oppenheimer boosted their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.80.

Clearwater Analytics Stock Up 0.1 %

Shares of CWAN opened at $27.56 on Thursday. The firm has a market capitalization of $6.92 billion, a P/E ratio of 16.60, a P/E/G 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 firm has a fifty day moving average price of $28.35 and a 200-day moving average price of $27.69. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN) last issued its 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). The company 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%. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share 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.