Curi RMB Capital LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Curi RMB Capital LLC acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 214,578 shares of the company’s stock, valued at approximately $5,905,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in shares of Clearwater Analytics by 171.4% in the third quarter. FMR LLC now owns 9,169 shares of the company’s stock worth $232,000 after acquiring an additional 5,790 shares during the period. HighTower Advisors LLC purchased a new position in shares of Clearwater Analytics in the 3rd quarter valued at about $237,000. Barclays PLC raised its holdings in Clearwater Analytics by 105.6% in the 3rd quarter. Barclays PLC now owns 571,860 shares of the company’s stock worth $14,439,000 after purchasing an additional 293,719 shares during the period. Sanctuary Advisors LLC grew its holdings in Clearwater Analytics by 30.4% in the third quarter. Sanctuary Advisors LLC now owns 21,126 shares of the company’s stock valued at $533,000 after purchasing an additional 4,923 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Clearwater Analytics by 348.3% in the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock valued at $2,141,000 after buying an additional 65,878 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Activity

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.33, for a total value of $511,071.00. Following the sale, the chief financial officer now owns 274,857 shares of the company’s stock, valued at $7,511,841.81. The trade was a 6.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $17,016,073.65. 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 $18,478,363 in the last quarter. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Price Performance

CWAN stock opened at $23.04 on Friday. The business has a 50 day simple moving average of $26.72 and a 200-day simple moving average of $27.76. The firm has a market capitalization of $5.78 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71.

Clearwater Analytics (NYSE:CWAN) last posted its 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 analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CWAN has been the topic of a number of recent analyst reports. Royal Bank of Canada increased 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. Piper Sandler upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. UBS Group upped their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Finally, DA Davidson raised 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. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and an average target price 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.