CIBC Private Wealth Group LLC Purchases 11,450 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

CIBC Private Wealth Group LLC grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,155 shares of the company’s stock after buying an additional 11,450 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Clearwater Analytics were worth $2,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics during the 4th quarter worth $57,000. R Squared Ltd purchased a new position in shares of Clearwater Analytics in the 4th quarter worth about $80,000. Nisa Investment Advisors LLC grew its position 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 during the period. Finally, OFI Invest Asset Management purchased a new stake in Clearwater Analytics during the fourth quarter worth about $88,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CWAN. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their target price for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Wells Fargo & Company raised their target price on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. UBS Group upped 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. Royal Bank of Canada lifted 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. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics presently has an average rating of “Moderate Buy” and a consensus price target of $33.80.

Insider Activity

In other news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the sale, the chief financial officer now owns 279,857 shares in the company, valued at approximately $7,539,347.58. This trade represents a 6.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the transaction, the insider now directly owns 144,973 shares in the company, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $26.72 on Thursday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $6.71 billion, a P/E ratio of 16.10, a P/E/G ratio of 8.23 and a beta of 0.69. The company has a 50 day moving average of $28.17 and a 200 day moving average of $27.97.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results 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). The firm 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%. As a group, sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal 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.