Capital Fund Management S.A. Sells 20,720 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Capital Fund Management S.A. lowered its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,107 shares of the company’s stock after selling 20,720 shares during the quarter. Capital Fund Management S.A. owned 0.07% of Clearwater Analytics worth $4,461,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its position in shares of Clearwater Analytics by 171.4% during the 3rd quarter. FMR LLC now owns 9,169 shares of the company’s stock worth $232,000 after purchasing an additional 5,790 shares in the last quarter. HighTower Advisors LLC bought a new position in Clearwater Analytics in the third quarter worth approximately $237,000. Stifel Financial Corp grew its stake in Clearwater Analytics by 5.9% in the third quarter. Stifel Financial Corp now owns 186,227 shares of the company’s stock valued at $4,702,000 after acquiring an additional 10,378 shares during the period. State Street Corp increased its holdings in shares of Clearwater Analytics by 38.7% during the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after acquiring an additional 1,009,548 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Clearwater Analytics in the 3rd quarter worth $346,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Trading Down 0.2 %

Shares of Clearwater Analytics stock opened at $23.02 on Monday. The firm has a market cap of $5.78 billion, a PE ratio of 13.87, a P/E/G ratio of 8.23 and a beta of 0.76. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. 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 stock has a fifty day moving average price of $27.25 and a 200-day moving average price of $27.85.

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

Insiders Place Their Bets

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.58, for a total value of $497,046.00. Following the sale, the chief financial officer now owns 358,502 shares in the company, valued at approximately $9,528,983.16. This trade represents a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total transaction of $1,328,000.00. Following the sale, the chief executive officer now owns 857,798 shares in the company, valued at approximately $22,783,114.88. This trade represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 594,510 shares of company stock valued at $17,394,362 over the last ninety days. 4.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on CWAN shares. DA Davidson raised shares of 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 research note on Tuesday, January 14th. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. Royal Bank of Canada boosted their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their target price on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Finally, UBS Group increased their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.