M&T Bank Corp Decreases Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

M&T Bank Corp reduced its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,398 shares of the company’s stock after selling 2,415 shares during the period. M&T Bank Corp’s holdings in Clearwater Analytics were worth $2,075,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Chartwell Investment Partners LLC lifted its position in Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after acquiring an additional 395 shares during the last quarter. GAMMA Investing LLC lifted its position in Clearwater Analytics by 57.4% in the fourth 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 lifted its position in Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock valued at $469,000 after acquiring an additional 502 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock valued at $142,000 after acquiring an additional 521 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock valued at $288,000 after acquiring an additional 598 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were 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 of the company’s stock, valued at approximately $15,944,485.95. This represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $29.65, for a total transaction of $554,455.00. Following the transaction, the chief financial officer now directly owns 214,044 shares of the company’s stock, valued at $6,346,404.60. This trade represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 594,259 shares of company stock valued at $17,416,855. Company insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Down 1.8 %

Shares of CWAN opened at $28.76 on Monday. 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 firm’s 50-day moving average is $28.35 and its two-hundred day moving average is $27.65. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The firm has a market capitalization of $7.10 billion, a P/E ratio of 17.32, 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 the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. On average, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CWAN. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. UBS Group lifted their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Royal Bank of Canada lifted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, Morgan Stanley restated an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.80.

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.