Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Acquired by RiverPark Advisors LLC

RiverPark Advisors LLC lifted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 361.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,366 shares of the company’s stock after acquiring an additional 4,202 shares during the quarter. RiverPark Advisors LLC’s holdings in Clearwater Analytics were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Clearwater Analytics by 33.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after acquiring an additional 616 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Clearwater Analytics by 1.4% during the 4th quarter. Natixis Advisors L.P. now owns 44,198 shares of the company’s stock valued at $885,000 after acquiring an additional 616 shares in the last quarter. KLR Investment Advisors LLC raised its position in shares of Clearwater Analytics by 5.0% during the 4th quarter. KLR Investment Advisors LLC now owns 16,939 shares of the company’s stock valued at $339,000 after acquiring an additional 801 shares in the last quarter. Eagle Bay Advisors LLC raised its position in shares of Clearwater Analytics by 213.3% during 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Clearwater Analytics by 389.2% during 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 in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded down $0.34 on Tuesday, hitting $18.75. The company’s stock had a trading volume of 1,074,660 shares, compared to its average volume of 1,431,833. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.35 and a 12 month high of $21.89. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of -234.38, a price-to-earnings-growth ratio of 7.43 and a beta of 0.57. The stock’s 50-day moving average is $18.81 and its two-hundred day moving average is $18.42. 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 earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share 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 business had revenue of $102.70 million during the quarter, compared to analysts’ expectations of $100.55 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. On average, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current year.

Insider Activity at Clearwater Analytics

In related news, insider Subi Sethi sold 18,599 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $19.46, for a total transaction of $361,936.54. Following the completion of the transaction, the insider now owns 77,519 shares of the company’s stock, valued at $1,508,519.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO James S. Cox sold 6,275 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $20.10, for a total value of $126,127.50. Following the completion of the transaction, the chief financial officer now owns 235,962 shares in the company, valued at approximately $4,742,836.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Subi Sethi sold 18,599 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $19.46, for a total value of $361,936.54. Following the completion of the transaction, the insider now owns 77,519 shares of the company’s stock, valued at approximately $1,508,519.74. The disclosure for this sale can be found here. Insiders sold 7,193,079 shares of company stock valued at $141,831,984 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CWAN. Wells Fargo & Company dropped their price target on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 target price on shares of Clearwater Analytics in a research report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their target price on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Finally, Oppenheimer raised Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven 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 price target of $22.00.

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.