Emerald Mutual Fund Advisers Trust Cuts Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Emerald Mutual Fund Advisers Trust cut its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 16.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 246,098 shares of the company’s stock after selling 49,141 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Clearwater Analytics were worth $6,773,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted 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 valued at $35,000 after buying an additional 468 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Clearwater Analytics by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock valued at $469,000 after buying an additional 502 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock valued at $142,000 after acquiring an additional 521 shares during the period. Summit Creek Advisors LLC increased its stake in shares of Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company’s stock worth $7,844,000 after acquiring an additional 833 shares during the period. Finally, Bullseye Asset Management LLC boosted its position in Clearwater Analytics by 1.1% in the 4th quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company’s stock worth $3,087,000 after purchasing an additional 1,181 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

CWAN stock opened at $22.76 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The stock’s fifty day simple moving average is $26.12 and its 200-day simple moving average is $27.65. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

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

Analyst Ratings Changes

A number of brokerages have weighed in on CWAN. Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $36.00 in a report on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their target price for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a research note on Friday. They set an “overweight” rating and a $28.00 price target on the stock. Royal Bank of Canada upped their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.80.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 76,256 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,293,017.92. Following the completion of the transaction, the executive now owns 78,363 shares in the company, valued at $2,356,375.41. This represents a 49.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares in the company, valued at $17,016,073.65. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 644,510 shares of company stock valued at $18,478,363. 4.60% of the stock is currently owned by insiders.

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.