Townsquare Capital LLC Purchases 2,510 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Townsquare Capital LLC grew its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 42,930 shares of the company’s stock after acquiring an additional 2,510 shares during the quarter. Townsquare Capital LLC’s holdings in Clearwater Analytics were worth $1,181,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its stake 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 last quarter. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics during the 4th quarter valued at $57,000. R Squared Ltd purchased a new stake in Clearwater Analytics during the 4th quarter valued at $80,000. Aster Capital Management DIFC Ltd bought a new stake in Clearwater Analytics in the fourth quarter worth $82,000. Finally, Nisa Investment Advisors LLC boosted 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 worth $86,000 after buying an additional 1,987 shares during the period. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $23.04 on Friday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve 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 fifty day simple moving average of $26.81 and a two-hundred day simple moving average of $27.75. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN) last issued 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). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of the sale, the chief financial officer now directly owns 274,857 shares of the company’s stock, valued at approximately $7,511,841.81. This represents a 6.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $27.63, for a total transaction of $1,381,500.00. Following the completion of the transaction, the chief executive officer now directly owns 615,855 shares in the company, valued at approximately $17,016,073.65. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock valued at $18,478,363 over the last ninety days. 4.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CWAN has been the subject of several analyst reports. UBS Group raised their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Wells Fargo & Company raised their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Royal Bank of Canada increased their price target 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 restated an “overweight” rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. One 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, the company 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.