Royce & Associates LP Has $2.39 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Royce & Associates LP lifted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 17.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 87,000 shares of the company’s stock after purchasing an additional 13,000 shares during the quarter. Royce & Associates LP’s holdings in Clearwater Analytics were worth $2,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CWAN. GAMMA Investing LLC increased its position in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $57,000. R Squared Ltd bought a new stake in shares of Clearwater Analytics during the fourth quarter worth approximately $80,000. Nisa Investment Advisors LLC raised its stake in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after buying an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Clearwater Analytics in the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling

In other news, CTO Souvik Das sold 76,844 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,310,699.08. Following the sale, the chief technology officer now owns 68,902 shares of the company’s stock, valued at $2,071,883.14. The trade was a 52.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Subi Sethi sold 62,482 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the transaction, the insider now directly owns 144,973 shares of the company’s stock, valued at approximately $4,359,338.11. This trade represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is owned by corporate insiders.

Clearwater Analytics Stock Up 0.9 %

Clearwater Analytics stock opened at $26.71 on Friday. The company has a 50 day moving average of $28.27 and a 200-day moving average of $27.76. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The stock has a market capitalization of $6.70 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last announced 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). 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 during the quarter, compared to analyst estimates of $120.34 million. On average, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating and set 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 upped their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Company raised 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. UBS Group upped their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Oppenheimer lifted their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.80.

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.