28,781 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,781 shares of the company’s stock, valued at approximately $792,000.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Clearwater Analytics by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock worth $469,000 after purchasing an additional 502 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock worth $142,000 after purchasing an additional 521 shares during the last quarter. IHT Wealth Management LLC lifted its stake in Clearwater Analytics by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock valued at $288,000 after buying an additional 598 shares in the last quarter. Finally, Summit Creek Advisors LLC grew its holdings in Clearwater Analytics by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company’s stock valued at $7,844,000 after buying an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. DA Davidson upgraded 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 report on Tuesday, January 14th. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.80.

Insider Transactions at Clearwater Analytics

In other news, insider Subi Sethi sold 62,482 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares of the company’s stock, valued at $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the sale, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is currently owned by company insiders.

Clearwater Analytics Stock Down 6.4 %

Shares of CWAN opened at $23.45 on Monday. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The company’s fifty day moving average is $28.01 and its two-hundred day moving average is $27.99. The firm has a market cap of $5.89 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

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