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

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

Other hedge funds have also made changes to their positions in the company. Salem Investment Counselors Inc. lifted its holdings in shares of Clearwater Analytics by 2.3% during the 4th quarter. Salem Investment Counselors Inc. now owns 24,050 shares of the company’s stock valued at $451,000 after buying an additional 550 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Clearwater Analytics by 35.3% during the 1st quarter. Captrust Financial Advisors now owns 2,663 shares of the company’s stock worth $56,000 after purchasing an additional 695 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Clearwater Analytics by 9.6% during the 2nd quarter. Osaic Holdings Inc. now owns 8,923 shares of the company’s stock valued at $142,000 after purchasing an additional 778 shares in the last quarter. UBS Group AG lifted its stake in shares of Clearwater Analytics by 39.0% in the 3rd quarter. UBS Group AG now owns 3,099 shares of the company’s stock valued at $60,000 after purchasing an additional 869 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in Clearwater Analytics by 2.2% in the second quarter. Natixis Advisors L.P. now owns 41,113 shares of the company’s stock worth $652,000 after purchasing an additional 896 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Clearwater Analytics in a research report on Thursday, February 29th. JPMorgan Chase & Co. downgraded Clearwater Analytics from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $24.00 to $22.00 in a report on Thursday, February 29th. Finally, DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Clearwater Analytics in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.77.

Clearwater Analytics Stock Performance

CWAN stock traded up $0.21 during midday trading on Thursday, hitting $17.69. The stock had a trading volume of 1,004,068 shares, compared to its average volume of 1,301,686. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of -160.77, a P/E/G ratio of 6.84 and a beta of 0.45. 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 has a 50-day simple moving average of $18.35 and a 200 day simple moving average of $19.20. Clearwater Analytics Holdings, Inc. has a 52 week low of $13.02 and a 52 week high of $21.89.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $16.90, for a total transaction of $274,625,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of Clearwater Analytics stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $19.74, for a total transaction of $987,000.00. Following the completion of the sale, the chief executive officer now owns 270,838 shares of the company’s stock, valued at approximately $5,346,342.12. The disclosure for this sale can be found here. In the last three months, insiders sold 16,400,588 shares of company stock valued at $277,607,454. Company insiders own 2.10% of the company’s stock.

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.