7,555 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Acquired by Marco Investment Management LLC

Marco Investment Management LLC bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,555 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors also recently added to or reduced their stakes in CWAN. Callan Family Office LLC purchased a new stake in shares of Clearwater Analytics in the 4th quarter valued at $454,000. Raymond James Financial Inc. purchased a new stake in Clearwater Analytics during the fourth quarter worth about $20,482,000. Arizona State Retirement System lifted its position in shares of Clearwater Analytics by 23.8% during the fourth quarter. Arizona State Retirement System now owns 57,156 shares of the company’s stock worth $1,573,000 after purchasing an additional 10,990 shares in the last quarter. Aigen Investment Management LP boosted its position in Clearwater Analytics by 20.4% in the 4th quarter. Aigen Investment Management LP now owns 24,921 shares of the company’s stock valued at $686,000 after buying an additional 4,220 shares during the period. Finally, Atria Investments Inc boosted its holdings in Clearwater Analytics by 16.6% in the fourth quarter. Atria Investments Inc now owns 42,733 shares of the company’s stock valued at $1,176,000 after purchasing an additional 6,080 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $6,575,918.09. Following the completion of the sale, the chief executive officer now directly owns 681,588 shares of the company’s stock, valued at approximately $20,495,351.16. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief technology officer now owns 68,902 shares of the company’s stock, valued at $2,071,883.14. This trade represents a 52.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 733,431 shares of company stock valued at $21,444,493 over the last quarter. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $28.76 on Friday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The stock has a market cap of $7.10 billion, a P/E ratio of 17.32, a PEG ratio of 8.23 and a beta of 0.69. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $28.34 and a two-hundred day moving average of $27.58.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CWAN. UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Royal Bank of Canada upped their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. Finally, Oppenheimer boosted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating and nine have given 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 target price of $33.80.

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.