Scalar Gauge Management LLC Acquires 20,013 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Scalar Gauge Management LLC increased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 3.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 586,998 shares of the company’s stock after purchasing an additional 20,013 shares during the period. Clearwater Analytics accounts for 7.5% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 5th largest holding. Scalar Gauge Management LLC’s holdings in Clearwater Analytics were worth $16,154,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Clearwater Analytics in the 4th quarter worth $57,000. R Squared Ltd purchased a new position in shares of Clearwater Analytics in the 4th quarter worth $80,000. Nisa Investment Advisors LLC boosted its holdings in Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after acquiring an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Clearwater Analytics during the fourth quarter valued at about $88,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The shares were 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 owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Subi Sethi sold 62,482 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 $1,878,833.74. Following the completion of the sale, the insider now directly owns 144,973 shares of the company’s stock, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock valued at $18,688,862 in the last three months. Corporate insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CWAN. Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. UBS Group raised their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Oppenheimer boosted their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company lifted their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.80.

Clearwater Analytics Price Performance

CWAN opened at $26.51 on Monday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month 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 firm has a market cap of $6.65 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 8.23 and a beta of 0.69. The company has a fifty day simple moving average of $28.28 and a 200 day simple moving average of $27.94.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The business had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

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.