Barclays PLC Sells 178,000 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Barclays PLC decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 31.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,860 shares of the company’s stock after selling 178,000 shares during the period. Barclays PLC’s holdings in Clearwater Analytics were worth $10,838,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after buying an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics in the 4th quarter worth $57,000. R Squared Ltd purchased a new position in shares of Clearwater Analytics in the fourth quarter worth $80,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Clearwater Analytics during the fourth quarter valued at $82,000. Finally, Nisa Investment Advisors LLC raised its position in 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. 50.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CWAN has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Royal Bank of Canada upped their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the company from $28.00 to $36.00 in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.80.

Insiders Place Their Bets

In other news, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of the transaction, the chief financial officer now directly owns 274,857 shares in the company, valued at approximately $7,511,841.81. This represents a 6.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the completion of the sale, the chief executive officer now owns 876,754 shares in the company, valued at $20,244,249.86. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock worth $18,478,363 in the last 90 days. 4.60% of the stock is currently owned by corporate insiders.

Clearwater Analytics Trading Down 7.5 %

Shares of CWAN stock opened at $21.34 on Tuesday. 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 52-week low of $15.62 and a 52-week high of $35.71. The stock has a fifty day simple moving average of $26.59 and a two-hundred day simple moving average of $27.75. The firm has a market capitalization of $5.36 billion, a PE ratio of 12.86, a PEG ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN) last posted 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 business had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal 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.