Olympiad Research LP Buys Shares of 18,224 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Olympiad Research LP bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWANFree Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 18,224 shares of the company’s stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWAN. Eagle Bay Advisors LLC raised its position in Clearwater Analytics by 213.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after purchasing an additional 1,207 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Clearwater Analytics in the fourth quarter valued at $90,000. Asset Management One Co. Ltd. purchased a new stake in Clearwater Analytics in the fourth quarter valued at $134,000. D.A. Davidson & CO. purchased a new stake in Clearwater Analytics in the fourth quarter valued at $211,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Clearwater Analytics in the fourth quarter valued at $272,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

NYSE CWAN traded down $0.18 during trading hours on Wednesday, hitting $18.66. 299,552 shares of the company were exchanged, compared to its average volume of 1,173,376. The company has a 50 day moving average of $17.46 and a two-hundred day moving average of $18.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.59 and a quick ratio of 5.59. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.28 and a 52-week high of $21.89.

Clearwater Analytics (NYSE:CWANGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CWAN shares. JPMorgan Chase & Co. cut their price objective on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. DA Davidson reiterated a “buy” rating and issued a $24.00 price objective on shares of Clearwater Analytics in a report on Monday, February 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price objective on shares of Clearwater Analytics in a report on Thursday, May 2nd. Wells Fargo & Company cut their price objective on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $20.00 price objective on shares of Clearwater Analytics in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.70.

View Our Latest Analysis on Clearwater Analytics

Insider Buying and Selling

In related news, insider Subi Sethi sold 18,599 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $19.46, for a total transaction of $361,936.54. Following the transaction, the insider now owns 77,519 shares in the company, valued at approximately $1,508,519.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Clearwater Analytics news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $16.90, for a total transaction of $274,625,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Subi Sethi sold 18,599 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $19.46, for a total value of $361,936.54. Following the transaction, the insider now directly owns 77,519 shares of the company’s stock, valued at approximately $1,508,519.74. The disclosure for this sale can be found here. Insiders have sold 16,268,600 shares of company stock worth $274,986,956 in the last quarter. 2.10% of the stock is owned by insiders.

About Clearwater Analytics

(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.

See Also

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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