Harel Insurance Investments & Financial Services Ltd. Purchases Shares of 7,789 Clearwater Analytics Holdings, Inc. $CWAN

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,789 shares of the company’s stock, valued at approximately $171,000.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in Clearwater Analytics by 84.6% during the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares in the last quarter. Nvwm LLC purchased a new stake in Clearwater Analytics during the first quarter valued at about $46,000. Quarry LP raised its position in Clearwater Analytics by 979.4% during the first quarter. Quarry LP now owns 2,094 shares of the company’s stock valued at $56,000 after purchasing an additional 1,900 shares in the last quarter. CWM LLC raised its position in Clearwater Analytics by 714.6% during the first quarter. CWM LLC now owns 3,071 shares of the company’s stock valued at $82,000 after purchasing an additional 2,694 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Clearwater Analytics by 36.7% during the second quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock valued at $94,000 after buying an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group raised Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday, August 11th. Wall Street Zen cut Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. DA Davidson decreased their price target on Clearwater Analytics from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Zacks Research raised Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, Weiss Ratings raised Clearwater Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 16,592 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $293,346.56. Following the sale, the chief executive officer directly owned 913,600 shares of the company’s stock, valued at approximately $16,152,448. The trade was a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James S. Cox sold 11,275 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $17.98, for a total value of $202,724.50. Following the sale, the chief financial officer directly owned 338,983 shares in the company, valued at approximately $6,094,914.34. The trade was a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 143,602 shares of company stock valued at $2,756,283 over the last ninety days. Corporate insiders own 3.31% of the company’s stock.

Clearwater Analytics Stock Down 1.4%

NYSE CWAN opened at $18.15 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $5.31 billion, a PE ratio of 11.41, a PEG ratio of 5.04 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1 year low of $17.15 and a 1 year high of $35.71. The business’s 50-day moving average is $18.88 and its 200 day moving average is $20.87.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $181.94 million during the quarter, compared to the consensus estimate of $174.16 million. Clearwater Analytics had a return on equity of 3.23% and a net margin of 73.74%.The firm’s revenue for the quarter was up 70.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. Sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Clearwater Analytics announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.