Segall Bryant & Hamill LLC Trims Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Segall Bryant & Hamill LLC lessened its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 328,511 shares of the company’s stock after selling 4,420 shares during the period. Segall Bryant & Hamill LLC’s holdings in Clearwater Analytics were worth $9,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CWAN. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 468 shares during the period. Steward Partners Investment Advisory LLC raised its position in Clearwater Analytics by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock worth $469,000 after acquiring an additional 502 shares during the period. Exchange Traded Concepts LLC raised its position in Clearwater Analytics by 11.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock worth $142,000 after acquiring an additional 521 shares during the period. IHT Wealth Management LLC lifted its holdings in Clearwater Analytics by 5.5% during the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock valued at $288,000 after purchasing an additional 598 shares in the last quarter. Finally, Summit Creek Advisors LLC grew its position in shares of Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company’s stock valued at $7,844,000 after purchasing an additional 833 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $27.27 on Thursday. 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 company has a 50-day moving average price of $28.31 and a 200 day moving average price of $27.87. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The stock has a market cap of $6.85 billion, a P/E ratio of 16.43, a PEG ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The firm had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. Sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Activity

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the completion of the sale, the chief financial officer now directly owns 279,857 shares in the company, valued at $7,539,347.58. This trade represents a 6.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares in the company, valued at approximately $15,944,485.95. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock valued at $18,688,862 in the last quarter. Insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CWAN shares. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price target for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Royal Bank of Canada raised their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Oppenheimer increased their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. Finally, Wells Fargo & Company increased their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.80.

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.