Artisan Partners Limited Partnership Trims Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Artisan Partners Limited Partnership cut its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,669,967 shares of the company’s stock after selling 849,009 shares during the quarter. Artisan Partners Limited Partnership owned about 1.49% of Clearwater Analytics worth $100,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its position 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 valued at $35,000 after acquiring an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Clearwater Analytics during the fourth quarter valued at approximately $57,000. R Squared Ltd purchased a new position in Clearwater Analytics in the 4th quarter worth approximately $80,000. Nisa Investment Advisors LLC increased its holdings in shares of Clearwater Analytics by 174.1% in the 4th 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 last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Clearwater Analytics during the 4th quarter valued at $88,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $27.05 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The firm has a market cap of $6.79 billion, a P/E ratio of 16.29, a P/E/G ratio of 8.23 and a beta of 0.69. The business’s 50 day moving average price is $28.31 and its 200-day moving average price is $27.86.

Clearwater Analytics (NYSE:CWAN) last released its quarterly 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 company had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CWAN shares. 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 note on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their target price for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. UBS Group upped 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. Finally, Oppenheimer increased their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

Insider Activity

In other news, CTO Souvik Das sold 76,844 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $2,310,699.08. Following the completion of the transaction, the chief technology officer now owns 68,902 shares of the company’s stock, valued at approximately $2,071,883.14. This represents a 52.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the firm’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 value 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. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 644,510 shares of company stock valued at $18,688,862. Corporate insiders own 4.60% of the company’s stock.

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.