Emerald Mutual Fund Advisers Trust Invests $7.46 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Emerald Mutual Fund Advisers Trust bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 295,239 shares of the company’s stock, valued at approximately $7,455,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after acquiring an additional 1,234 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in Clearwater Analytics during the third quarter valued at $45,000. Financial Management Professionals Inc. acquired a new position in Clearwater Analytics during the third quarter valued at $58,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Clearwater Analytics by 124.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in Clearwater Analytics during the 2nd quarter worth about $90,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $24.18, for a total value of $43,144,760.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Warburg Pincus Llc sold 9,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $22.41, for a total value of $201,690,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of Clearwater Analytics stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $24.18, for a total value of $43,144,760.88. The disclosure for this sale can be found here. Insiders have sold 10,864,693 shares of company stock valued at $246,818,342 over the last ninety days. Insiders own 3.46% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $26.29 on Friday. The company has a fifty day moving average of $25.30 and a two-hundred day moving average of $21.55. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $27.65. The stock has a market capitalization of $6.48 billion, a PE ratio of -1,314.50, a P/E/G ratio of 9.74 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.78 and a current ratio of 4.78.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $106.79 million during the quarter, compared to analyst estimates of $105.51 million. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. Clearwater Analytics’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. As a group, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CWAN shares. Citigroup assumed coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective for the company. Royal Bank of Canada upped their price objective on Clearwater Analytics from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Morgan Stanley lifted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Oppenheimer raised their price target on shares of Clearwater Analytics from $25.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $23.00 price objective on shares of Clearwater Analytics in a research report on Monday, September 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

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.