Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,198,411 shares of the company’s stock after selling 96,071 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.29% of Clearwater Analytics worth $88,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after acquiring an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in Clearwater Analytics in the fourth quarter worth about $57,000. R Squared Ltd bought a new stake in Clearwater Analytics in the fourth quarter valued at about $80,000. Nisa Investment Advisors LLC raised its stake in Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after buying an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Clearwater Analytics in the 4th quarter worth approximately $88,000. Institutional investors own 50.10% of the company’s stock.

Insider Activity at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.58, for a total value of $497,046.00. Following the transaction, the chief financial officer now owns 358,502 shares of the company’s stock, valued at $9,528,983.16. The trade was a 4.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the sale, the insider now directly owns 144,973 shares of the company’s stock, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock worth $18,688,862 over the last quarter. 4.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on CWAN. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Oppenheimer lifted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. UBS Group increased their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Royal Bank of Canada lifted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Clearwater Analytics Trading Down 1.2 %

Shares of CWAN stock opened at $27.27 on Thursday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm has a market capitalization of $6.85 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The stock has a fifty day moving average of $28.31 and a two-hundred day moving average of $27.87. 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 posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. As a group, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Clearwater Analytics Company 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.