Handelsbanken Fonder AB Buys 8,600 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Handelsbanken Fonder AB increased its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 46.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,100 shares of the company’s stock after purchasing an additional 8,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Clearwater Analytics were worth $684,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in shares of Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after acquiring an additional 1,234 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Clearwater Analytics by 389.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after acquiring an additional 1,549 shares during the period. Amalgamated Bank acquired a new position in Clearwater Analytics in the 2nd quarter valued at approximately $90,000. Point72 Asset Management L.P. bought a new position in shares of Clearwater Analytics during the second quarter valued at $91,000. Finally, RiverPark Advisors LLC lifted its holdings in shares of Clearwater Analytics by 361.0% during the first quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock worth $95,000 after purchasing an additional 4,202 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $19.50, for a total value of $75,855.00. Following the transaction, the executive now directly owns 4,844 shares in the company, valued at $94,458. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $24.44, for a total transaction of $457,028.00. Following the completion of the transaction, the chief financial officer now owns 227,503 shares in the company, valued at approximately $5,560,173.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $19.50, for a total value of $75,855.00. Following the completion of the sale, the executive now directly owns 4,844 shares of the company’s stock, valued at approximately $94,458. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,864,733 shares of company stock valued at $246,732,002. Company insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

CWAN has been the subject of several analyst reports. Oppenheimer raised their target price on Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Wells Fargo & Company raised their price objective on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Clearwater Analytics in a research note on Monday, September 9th. Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Finally, Citigroup initiated coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Clearwater Analytics has an average rating of “Moderate Buy” and a consensus target price of $24.44.

Clearwater Analytics Stock Up 0.9 %

Clearwater Analytics stock opened at $25.78 on Monday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $26.02. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $6.35 billion, a PE ratio of -1,289.00, a PEG ratio of 9.16 and a beta of 0.62. The firm’s fifty day moving average is $24.36 and its 200 day moving average is $20.56.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The company had revenue of $106.79 million for the quarter, compared to analysts’ expectations of $105.51 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business’s revenue was up 18.8% on a year-over-year basis. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Clearwater Analytics 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.