Fifth Lane Capital LP bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) during the 4th quarter, Holdings Channel reports. The firm bought 55,000 shares of the company’s stock, valued at approximately $1,327,000. Clearwater Analytics makes up 1.0% of Fifth Lane Capital LP’s investment portfolio, making the stock its 18th biggest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Clearwater Analytics by 211.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 720 shares during the period. Los Angeles Capital Management LLC acquired a new position in Clearwater Analytics during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. grew its position in Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after buying an additional 1,186 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Clearwater Analytics during the fourth quarter worth about $33,000. Finally, Private Trust Co. NA grew its position in shares of Clearwater Analytics by 643.3% in the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after purchasing an additional 1,338 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Subi Sethi sold 19,858 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $472,620.40. Following the transaction, the insider directly owned 388,256 shares of the company’s stock, valued at approximately $9,240,492.80. The trade was a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $24.35, for a total value of $243,500.00. Following the completion of the transaction, the chief technology officer owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. This represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 194,332 shares of company stock valued at $4,634,362. 3.31% of the stock is owned by insiders.
Clearwater Analytics Stock Performance
Clearwater Analytics (NYSE:CWAN – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm had revenue of $221.23 million during the quarter, compared to analysts’ expectations of $214.09 million. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was up 74.4% on a year-over-year basis. As a group, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on CWAN shares. DA Davidson reissued a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Royal Bank Of Canada restated a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.19.
Check Out Our Latest Stock Analysis on CWAN
About Clearwater Analytics
Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.
Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.
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