Great Lakes Advisors LLC Purchases New Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Great Lakes Advisors LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 307,875 shares of the company’s stock, valued at approximately $8,473,000. Great Lakes Advisors LLC owned 0.12% of Clearwater Analytics as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wasatch Advisors LP grew its stake in Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after acquiring an additional 559,564 shares in the last quarter. State Street Corp grew its stake in Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after acquiring an additional 1,009,548 shares in the last quarter. Geode Capital Management LLC grew its stake in Clearwater Analytics by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock valued at $88,710,000 after acquiring an additional 187,881 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after acquiring an additional 327,880 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Clearwater Analytics by 10.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,003,930 shares of the company’s stock valued at $75,849,000 after acquiring an additional 281,958 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CWAN has been the topic of several research analyst reports. Oppenheimer lifted their target price on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their price target for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley reissued an “overweight” rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Wells Fargo & Company boosted 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 research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Clearwater Analytics Trading Up 0.1 %

Shares of CWAN stock 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 twelve month low of $15.62 and a twelve month high of $35.71. 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’s fifty day simple moving average is $28.35 and its 200 day simple moving average is $27.69.

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 analysts’ consensus estimates of $0.11 by ($0.07). The firm 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%. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,141 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the sale, the executive now owns 7,902 shares in the company, valued at approximately $218,490.30. The trade was a 34.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Subi Sethi sold 62,482 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares in the company, valued at $4,359,338.11. This trade represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 594,510 shares of company stock worth $17,418,271. Insiders own 4.60% of the company’s stock.

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.