Headlands Technologies LLC Sells 5,202 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Headlands Technologies LLC reduced its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 81.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,201 shares of the company’s stock after selling 5,202 shares during the period. Headlands Technologies LLC’s holdings in Clearwater Analytics were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Nvwm LLC acquired a new position in Clearwater Analytics during the 1st quarter valued at about $46,000. CWM LLC increased its position in Clearwater Analytics by 714.6% during the 1st quarter. CWM LLC now owns 3,071 shares of the company’s stock valued at $82,000 after buying an additional 2,694 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Clearwater Analytics during the 4th quarter valued at about $121,000. Portside Wealth Group LLC acquired a new position in Clearwater Analytics during the 1st quarter valued at about $206,000. Finally, Norden Group LLC acquired a new position in Clearwater Analytics during the 1st quarter valued at about $232,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on CWAN shares. DA Davidson reduced their target price on Clearwater Analytics from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday. Piper Sandler set a $27.00 price target on Clearwater Analytics and gave the company an “overweight” rating in a research note on Tuesday, June 24th. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research note on Friday, April 25th. They set an “overweight” rating and a $28.00 price target on the stock. Oppenheimer dropped their price target on Clearwater Analytics from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 11th. Finally, The Goldman Sachs Group upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Monday. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $32.20.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $22.15, for a total value of $1,107,500.00. Following the completion of the transaction, the chief executive officer owned 895,663 shares of the company’s stock, valued at approximately $19,838,935.45. This represents a 5.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Subi Sethi sold 7,358 shares of the company’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $21.67, for a total value of $159,447.86. Following the completion of the transaction, the insider directly owned 218,788 shares of the company’s stock, valued at $4,741,135.96. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,107 shares of company stock worth $4,629,708 in the last ninety days. 3.31% of the stock is owned by corporate insiders.

Clearwater Analytics Stock Up 3.5%

Shares of CWAN opened at $19.62 on Thursday. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.98 and a 52 week high of $35.71. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 3.79 and a beta of 0.73. The stock’s 50-day moving average price is $21.66 and its 200-day moving average price is $24.24.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, August 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Clearwater Analytics had a return on equity of 3.23% and a net margin of 73.74%. The company had revenue of $181.94 million during the quarter, compared to analysts’ expectations of $174.16 million. During the same quarter in the previous year, the company earned $0.10 EPS. The firm’s quarterly revenue was up 70.4% compared to the same quarter last year. On average, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

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.