Arrowstreet Capital Limited Partnership Invests $25.75 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Arrowstreet Capital Limited Partnership bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 935,766 shares of the company's stock, valued at approximately $25,752,000. Arrowstreet Capital Limited Partnership owned approximately 0.38% of Clearwater Analytics as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Clearwater Analytics by 1,600.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock worth $39,690,000 after purchasing an additional 1,357,425 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in Clearwater Analytics by 189.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after purchasing an additional 830,684 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Clearwater Analytics in the 4th quarter worth approximately $1,112,000. Moody Aldrich Partners LLC increased its holdings in shares of Clearwater Analytics by 32.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company's stock worth $10,634,000 after buying an additional 94,454 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Clearwater Analytics by 46.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,040,188 shares of the company's stock valued at $28,626,000 after buying an additional 328,542 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Trading Down 3.8 %

NYSE:CWAN traded down $0.87 during midday trading on Tuesday, reaching $22.07. 2,376,020 shares of the stock traded hands, compared to its average volume of 2,061,283. The stock has a market capitalization of $5.54 billion, a P/E ratio of 13.30, a PEG ratio of 8.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a fifty day moving average of $27.64 and a 200 day moving average of $27.90. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The firm had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. On average, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the sale, the chief executive officer now directly owns 681,588 shares of the company's stock, valued at approximately $20,495,351.16. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the transaction, the executive now owns 7,902 shares in the company, valued at $218,490.30. This trade represents a 34.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CWAN has been the topic of a number of research analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. UBS Group increased their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. 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. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their target price for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.80.

About Clearwater Analytics

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.