AlphaQuest LLC Has $415,000 Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

AlphaQuest LLC boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 700.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,097 shares of the company's stock after buying an additional 13,211 shares during the period. AlphaQuest LLC's holdings in Clearwater Analytics were worth $415,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CWAN. OFI Invest Asset Management bought a new position in shares of Clearwater Analytics in the 4th quarter valued at $88,000. Marco Investment Management LLC acquired a new stake in Clearwater Analytics in the fourth quarter valued at about $208,000. Callan Family Office LLC bought a new position in Clearwater Analytics in the fourth quarter valued at about $454,000. Raymond James Financial Inc. bought a new position in Clearwater Analytics in the fourth quarter valued at about $20,482,000. Finally, Arizona State Retirement System raised its stake in Clearwater Analytics by 23.8% during the fourth quarter. Arizona State Retirement System now owns 57,156 shares of the company's stock worth $1,573,000 after acquiring an additional 10,990 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Insider Transactions at Clearwater Analytics

In other news, insider Subi Sethi sold 62,482 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the transaction, the insider now directly owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the sale, the chief executive officer now owns 615,855 shares in the company, valued at approximately $15,944,485.95. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 625,810 shares of company stock worth $18,191,816. Company insiders own 4.60% of the company's stock.

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Clearwater Analytics Trading Down 1.3 %

NYSE:CWAN traded down $0.35 during trading hours on Monday, hitting $26.56. 4,666,057 shares of the company were exchanged, compared to its average volume of 1,895,199. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a fifty day simple moving average of $28.31 and a 200 day simple moving average of $27.75. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Morgan Stanley restated an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. UBS Group upped their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Oppenheimer increased their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler raised 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. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.80.

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.