Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,398 shares of the company’s stock after selling 2,415 shares during the period. M&T Bank Corp’s holdings in Clearwater Analytics were worth $2,075,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CWAN. US Bancorp DE increased its position in shares of Clearwater Analytics by 418.5% in the third quarter. US Bancorp DE now owns 25,153 shares of the company’s stock worth $635,000 after acquiring an additional 20,302 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Clearwater Analytics by 348.3% during the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock valued at $2,141,000 after purchasing an additional 65,878 shares in the last quarter. Atria Investments Inc grew its holdings in Clearwater Analytics by 5.7% during the 3rd quarter. Atria Investments Inc now owns 36,653 shares of the company’s stock valued at $925,000 after purchasing an additional 1,971 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Clearwater Analytics during the 3rd quarter valued at $360,000. Finally, Chartwell Investment Partners LLC grew its holdings in Clearwater Analytics by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CWAN. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. Royal Bank of Canada raised their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. UBS Group raised their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, Wells Fargo & Company raised their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.80.

Clearwater Analytics Trading Down 1.8 %

Clearwater Analytics stock opened at $28.76 on Monday. The firm’s 50-day moving average is $28.35 and its 200-day moving average is $27.65. 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 1 year low of $15.62 and a 1 year high of $35.71. The company has a market cap of $7.10 billion, a P/E ratio of 17.32, a PEG ratio of 8.23 and a beta of 0.69.

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

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $29.07, for a total transaction of $113,082.30. Following the transaction, the executive now directly owns 6,373 shares in the company, valued at approximately $185,263.11. The trade was a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 594,259 shares of company stock worth $17,416,855 in the last ninety days. 4.60% of the stock is owned by insiders.

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.