Raymond James Financial Inc. Buys Shares of 744,270 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Raymond James Financial Inc. bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWANFree Report) during the 4th quarter, Holdings Channel reports. The firm bought 744,270 shares of the company’s stock, valued at approximately $20,482,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares in 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 bought a new stake in shares of Clearwater Analytics in the 4th quarter worth $80,000. Nisa Investment Advisors LLC raised its stake 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 in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after buying an additional 995 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $25.89, for a total value of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares in the company, valued at $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Scott Stanley Erickson sold 76,256 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,293,017.92. Following the completion of the transaction, the executive now owns 78,363 shares in the company, valued at $2,356,375.41. This trade represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 625,810 shares of company stock worth $18,191,816 over the last 90 days. 4.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Oppenheimer lifted their target price on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, Royal Bank of Canada lifted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.80.

Get Our Latest Report on CWAN

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $26.88 on Monday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. 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 company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 8.23 and a beta of 0.69. The stock’s fifty day simple moving average is $28.31 and its 200-day simple moving average is $27.75.

Clearwater Analytics (NYSE:CWANGet Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $120.34 million. On average, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding CWAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clearwater Analytics Holdings, Inc. (NYSE:CWANFree Report).

Institutional Ownership by Quarter for Clearwater Analytics (NYSE:CWAN)

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