Olympiad Research LP Invests $409,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Olympiad Research LP bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,879 shares of the company’s stock, valued at approximately $409,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Clearwater Analytics during the fourth quarter worth $57,000. Financial Management Professionals Inc. acquired a new position in Clearwater Analytics during the third quarter worth $58,000. R Squared Ltd acquired a new position in Clearwater Analytics during the fourth quarter worth $80,000. Finally, Nisa Investment Advisors LLC increased its holdings in 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. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWAN has been the topic of a number of recent analyst reports. Oppenheimer boosted their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group upped their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. UBS Group upped their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $36.00 in a report on Thursday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Clearwater Analytics Trading Up 4.7 %

Shares of Clearwater Analytics stock opened at $31.35 on Friday. The firm has a 50-day moving average of $28.03 and a 200-day moving average of $27.14. The stock has a market cap of $7.74 billion, a PE ratio of 18.88, a PEG ratio of 8.23 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

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

Insider Buying and Selling

In related news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $29.65, for a total transaction of $554,455.00. Following the completion of the sale, the chief financial officer now owns 214,044 shares of the company’s stock, valued at $6,346,404.60. This represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sandeep Sahai sold 218,687 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the sale, the chief executive officer now directly owns 681,588 shares of the company’s stock, valued at $20,495,351.16. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 733,431 shares of company stock valued at $21,444,493 over the last quarter. 4.60% of the stock is owned by company insiders.

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.