Dynamic Technology Lab Private Ltd Invests $792,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Dynamic Technology Lab Private Ltd bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 28,781 shares of the company’s stock, valued at approximately $792,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWAN. The Manufacturers Life Insurance Company raised its holdings in shares of Clearwater Analytics by 6.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 79,809 shares of the company’s stock valued at $2,015,000 after buying an additional 4,821 shares during the period. FMR LLC increased its stake in Clearwater Analytics by 171.4% during the third quarter. FMR LLC now owns 9,169 shares of the company’s stock worth $232,000 after purchasing an additional 5,790 shares during the period. Captrust Financial Advisors lifted its position in shares of Clearwater Analytics by 7.7% during the third quarter. Captrust Financial Advisors now owns 14,319 shares of the company’s stock worth $362,000 after purchasing an additional 1,026 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Clearwater Analytics in the third quarter valued at approximately $237,000. Finally, IHT Wealth Management LLC grew its holdings in shares of Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock valued at $288,000 after purchasing an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Piper Sandler upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Royal Bank of Canada lifted their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Morgan Stanley restated an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.65, for a total value of $114,498.65. Following the sale, the executive now owns 7,902 shares of the company’s stock, valued at $218,490.30. The trade was a 34.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares of the company’s stock, valued at $15,944,485.95. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $23.45 on Monday. The company’s 50 day simple moving average is $28.01 and its 200-day simple moving average is $27.99. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The firm has a market cap of $5.89 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 EPS 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 during the quarter, compared to analysts’ expectations of $120.34 million. As a group, equities 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.