Ellsworth Advisors LLC Invests $396,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Ellsworth Advisors LLC purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,763 shares of the company’s stock, valued at approximately $396,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Clearwater Analytics by 13.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,450,888 shares of the company’s stock valued at $182,780,000 after acquiring an additional 1,148,338 shares during the last quarter. Durable Capital Partners LP increased its position in shares of Clearwater Analytics by 11.3% during the first quarter. Durable Capital Partners LP now owns 8,945,959 shares of the company’s stock worth $187,865,000 after acquiring an additional 908,588 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of Clearwater Analytics by 2.7% in the third quarter. Conestoga Capital Advisors LLC now owns 6,376,562 shares of the company’s stock valued at $123,323,000 after purchasing an additional 166,745 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Clearwater Analytics by 0.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,933,075 shares of the company’s stock worth $114,746,000 after purchasing an additional 30,771 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Clearwater Analytics by 3.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,804,100 shares of the company’s stock valued at $92,111,000 after purchasing an additional 210,589 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded up $0.21 on Thursday, hitting $17.69. 1,004,068 shares of the company were exchanged, compared to its average volume of 1,301,686. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $18.35 and its 200 day moving average price is $19.20. Clearwater Analytics Holdings, Inc. has a 1-year low of $13.02 and a 1-year high of $21.89. The firm has a market capitalization of $4.33 billion, a P/E ratio of -160.77, a price-to-earnings-growth ratio of 6.84 and a beta of 0.45.

Insider Activity

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $19.95, for a total transaction of $997,500.00. Following the completion of the sale, the chief executive officer now directly owns 270,490 shares in the company, valued at approximately $5,396,275.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Clearwater Analytics news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $19.95, for a total transaction of $997,500.00. Following the completion of the transaction, the chief executive officer now owns 270,490 shares of the company’s stock, valued at $5,396,275.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,400,588 shares of company stock valued at $277,607,454. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CWAN shares. DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Clearwater Analytics in a report on Monday, February 5th. Piper Sandler reiterated a “neutral” rating and set a $20.00 price objective on shares of Clearwater Analytics in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. lowered shares of Clearwater Analytics from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $24.00 to $22.00 in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Clearwater Analytics presently has an average rating of “Moderate Buy” and a consensus price target of $21.77.

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.