FourThought Financial Partners LLC Sells 1,719 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

FourThought Financial Partners LLC decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,303 shares of the company’s stock after selling 1,719 shares during the quarter. FourThought Financial Partners LLC’s holdings in Clearwater Analytics were worth $1,082,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Clearwater Analytics by 46.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,040,188 shares of the company’s stock valued at $28,626,000 after buying an additional 328,542 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $450,000. Olympiad Research LP acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $409,000. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics in the fourth quarter worth $57,000. Finally, Handelsbanken Fonder AB lifted its position in shares of Clearwater Analytics by 41.7% in the fourth quarter. Handelsbanken Fonder AB now owns 38,400 shares of the company’s stock worth $1,057,000 after purchasing an additional 11,300 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Trading Up 0.2 %

Shares of Clearwater Analytics stock opened at $30.62 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The business has a fifty day simple moving average of $28.07 and a two-hundred day simple moving average of $27.29. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 8.23 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CWAN shares. UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. The Goldman Sachs Group raised their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, 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. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 76,256 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 $2,293,017.92. Following the transaction, the executive now directly owns 78,363 shares in the company, valued at approximately $2,356,375.41. This represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sandeep Sahai sold 139,172 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 441,724 shares in the company, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 733,431 shares of company stock valued at $21,444,493. 4.60% of the stock is 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.