Emerald Advisers LLC Makes New $10.15 Million Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Emerald Advisers LLC purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 401,982 shares of the company’s stock, valued at approximately $10,150,000. Emerald Advisers LLC owned approximately 0.16% of Clearwater Analytics as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Thornburg Investment Management Inc. boosted its stake in shares of Clearwater Analytics by 31.7% in the first quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock worth $5,860,000 after acquiring an additional 79,707 shares during the period. California State Teachers Retirement System boosted its stake in shares of Clearwater Analytics by 22.3% in the first quarter. California State Teachers Retirement System now owns 131,341 shares of the company’s stock worth $2,323,000 after acquiring an additional 23,971 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Clearwater Analytics in the first quarter worth about $825,000. Jane Street Group LLC boosted its stake in Clearwater Analytics by 234.2% during the first quarter. Jane Street Group LLC now owns 265,818 shares of the company’s stock valued at $4,702,000 after buying an additional 186,273 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in Clearwater Analytics during the second quarter valued at approximately $1,797,000. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley increased their price target on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price target on Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Citigroup assumed coverage on Clearwater Analytics in a research note on Monday, August 19th. They set a “buy” rating and a $28.00 price target for the company. Oppenheimer increased their price target on Clearwater Analytics from $25.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Finally, Wells Fargo & Company increased their price target on Clearwater Analytics from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.67.

Insider Transactions at Clearwater Analytics

In other news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $24.18, for a total value of $43,144,760.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $24.18, for a total value of $43,144,760.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the sale, the executive now owns 4,844 shares in the company, valued at approximately $115,045. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,864,693 shares of company stock worth $246,818,342. 3.46% of the stock is currently owned by company insiders.

Clearwater Analytics Trading Up 0.7 %

CWAN stock traded up $0.18 during midday trading on Friday, reaching $26.29. 1,032,607 shares of the company traded hands, compared to its average volume of 1,043,453. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $27.65. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $25.30 and a 200-day moving average of $21.55.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The business had revenue of $106.79 million for the quarter, compared to the consensus estimate of $105.51 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current year.

About Clearwater Analytics

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.