Graham Capital Management L.P. Purchases 50,823 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Graham Capital Management L.P. boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 337.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,873 shares of the company’s stock after purchasing an additional 50,823 shares during the period. Graham Capital Management L.P.’s holdings in Clearwater Analytics were worth $1,765,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Clearwater Analytics by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company’s stock valued at $623,001,000 after purchasing an additional 2,366,715 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Clearwater Analytics by 7.7% during the 1st quarter. Wellington Management Group LLP now owns 6,412,929 shares of the company’s stock valued at $171,866,000 after purchasing an additional 458,444 shares during the last quarter. Invesco Ltd. lifted its holdings in Clearwater Analytics by 34.1% during the 1st quarter. Invesco Ltd. now owns 5,706,337 shares of the company’s stock valued at $152,930,000 after purchasing an additional 1,452,474 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in Clearwater Analytics by 23.8% during the 1st quarter. Driehaus Capital Management LLC now owns 2,742,511 shares of the company’s stock valued at $73,499,000 after purchasing an additional 528,059 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in Clearwater Analytics by 44.4% during the 1st quarter. Blair William & Co. IL now owns 2,534,270 shares of the company’s stock valued at $67,918,000 after purchasing an additional 779,538 shares during the last quarter. 50.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CWAN. Oppenheimer dropped their target price on shares of Clearwater Analytics from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, June 11th. The Goldman Sachs Group raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, August 11th. Piper Sandler set a $27.00 target price on shares of Clearwater Analytics and gave the stock an “overweight” rating in a research note on Tuesday, June 24th. Finally, DA Davidson dropped their target price on shares of Clearwater Analytics from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $32.67.

Clearwater Analytics Stock Down 2.3%

Shares of NYSE:CWAN opened at $20.20 on Wednesday. Clearwater Analytics Holdings, Inc. has a one year low of $17.98 and a one year high of $35.71. The company has a 50 day moving average of $20.92 and a 200-day moving average of $23.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 4.86 and a beta of 0.73.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Clearwater Analytics had a return on equity of 3.23% and a net margin of 73.74%.The business had revenue of $181.94 million for the quarter, compared to analyst estimates of $174.16 million. During the same quarter in the prior year, the firm 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 forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 11,275 shares of Clearwater Analytics stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $19.42, for a total transaction of $218,960.50. Following the completion of the sale, the chief financial officer owned 343,964 shares in the company, valued at $6,679,780.88. The trade was a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Sahai sold 46,962 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $20.12, for a total transaction of $944,875.44. Following the transaction, the chief executive officer owned 895,663 shares of the company’s stock, valued at approximately $18,020,739.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 266,748 shares of company stock worth $5,755,414 in the last quarter. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Company 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.