Abacus FCF Advisors LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Abacus FCF Advisors LLC acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,458 shares of the company’s stock, valued at approximately $673,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Clearwater Analytics by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock valued at $574,607,000 after buying an additional 2,455,844 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after purchasing an additional 2,931,445 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock worth $163,867,000 after purchasing an additional 2,950,555 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Clearwater Analytics by 52.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company’s stock valued at $126,972,000 after purchasing an additional 1,585,869 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Clearwater Analytics by 9.0% in the fourth quarter. Invesco Ltd. now owns 4,253,863 shares of the company’s stock valued at $117,066,000 after buying an additional 352,201 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the completion of the transaction, the chief financial officer now directly owns 279,857 shares of the company’s stock, valued at approximately $7,539,347.58. The trade was a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 76,256 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $2,293,017.92. Following the sale, the executive now directly owns 78,363 shares in the company, valued at approximately $2,356,375.41. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is currently owned by company insiders.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $22.07 on Wednesday. The firm’s 50 day moving average price is $27.64 and its two-hundred day moving average price is $27.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The stock has a market cap of $5.54 billion, a PE ratio of 13.30, a PEG ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of research analyst reports. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their target price for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Royal Bank of Canada raised their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, UBS Group boosted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Clearwater Analytics presently has an average rating of “Moderate Buy” and an average price target of $33.80.

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.