MQS Management LLC Increases Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

MQS Management LLC boosted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 17.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,471 shares of the company’s stock after purchasing an additional 1,995 shares during the quarter. MQS Management LLC’s holdings in Clearwater Analytics were worth $238,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Clearwater Analytics by 389.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after buying an additional 1,549 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in Clearwater Analytics by 213.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after acquiring an additional 1,207 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Clearwater Analytics by 33.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock worth $49,000 after purchasing an additional 616 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Clearwater Analytics during the 4th quarter valued at about $90,000. Finally, RiverPark Advisors LLC grew its position 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 valued at $95,000 after purchasing an additional 4,202 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Trading Down 0.5 %

NYSE CWAN traded down $0.10 during trading on Thursday, hitting $20.16. The stock had a trading volume of 1,854,465 shares, compared to its average volume of 1,433,188. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $21.89. The stock has a 50 day simple moving average of $19.15 and a 200 day simple moving average of $18.40. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of -254.75, a P/E/G ratio of 7.90 and a beta of 0.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.59 and a current ratio of 5.59.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The company had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. During the same quarter in the prior year, the company posted $0.07 EPS. Clearwater Analytics’s quarterly revenue was up 21.4% on a year-over-year basis. Sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CWAN. Oppenheimer raised Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Monday, July 8th. JPMorgan Chase & Co. cut their target price on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Wells Fargo & Company decreased their price target on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price objective on shares of Clearwater Analytics in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $19.50, for a total transaction of $75,855.00. Following the completion of the sale, the executive now owns 4,844 shares of the company’s stock, valued at $94,458. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $19.50, for a total transaction of $75,855.00. Following the transaction, the executive now owns 4,844 shares in the company, valued at $94,458. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Souvik Das sold 25,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $18.92, for a total transaction of $473,000.00. Following the completion of the sale, the chief technology officer now directly owns 10,453 shares of the company’s stock, valued at $197,770.76. The disclosure for this sale can be found here. Insiders have sold 7,233,244 shares of company stock valued at $142,594,162 in the last 90 days. Company insiders own 2.10% of the company’s stock.

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.