FourThought Financial Partners LLC Sells 1,719 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

FourThought Financial Partners LLC cut its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,303 shares of the company’s stock after selling 1,719 shares during the period. FourThought Financial Partners LLC’s holdings in Clearwater Analytics were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in Clearwater Analytics by 3.2% in the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after purchasing an additional 559,564 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in Clearwater Analytics by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock worth $171,156,000 after buying an additional 107,210 shares in the last quarter. State Street Corp lifted its position in Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after buying an additional 1,009,548 shares in the last quarter. Geode Capital Management LLC grew its holdings in Clearwater Analytics by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock worth $88,710,000 after acquiring an additional 187,881 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in Clearwater Analytics by 11.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after acquiring an additional 327,880 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Up 0.2 %

Shares of Clearwater Analytics stock opened at $30.62 on Wednesday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The business has a fifty day simple moving average of $28.07 and a 200 day simple moving average of $27.29. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.56 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results 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%. Research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the transaction, the chief executive officer now directly owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the sale, the chief financial officer now directly owns 279,857 shares in the company, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 733,431 shares of company stock valued at $21,444,493. Corporate insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

CWAN has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, UBS Group raised their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.80.

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.