Axiom Investors LLC DE Purchases 63,340 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Axiom Investors LLC DE increased its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 745,800 shares of the company's stock after acquiring an additional 63,340 shares during the quarter. Axiom Investors LLC DE owned about 0.30% of Clearwater Analytics worth $20,524,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of Clearwater Analytics by 98.2% in the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after acquiring an additional 2,950,555 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $248,000. Clearbridge Investments LLC bought a new position in shares of Clearwater Analytics during the fourth quarter worth approximately $15,477,000. CIBC Private Wealth Group LLC raised its position in shares of Clearwater Analytics by 18.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 75,155 shares of the company's stock valued at $2,049,000 after buying an additional 11,450 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Clearwater Analytics by 6.3% in the fourth quarter. Schroder Investment Management Group now owns 25,662 shares of the company's stock valued at $710,000 after buying an additional 1,517 shares during the period. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Trading Down 4.1 %

Shares of CWAN stock traded down $1.03 during trading hours on Friday, hitting $24.02. 603,357 shares of the company's stock traded hands, compared to its average volume of 2,029,719. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The stock has a market cap of $6.03 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The stock's 50 day simple moving average is $28.10 and its 200 day simple moving average is $27.95.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 218,687 shares of the company's 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 transaction, the chief executive officer now directly owns 681,588 shares of the company's stock, valued at $20,495,351.16. This represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the completion of the sale, the executive now directly owns 7,902 shares of the company's stock, valued at approximately $218,490.30. The trade was a 34.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock worth $18,688,862 over the last three months. 4.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

CWAN has been the topic of a number of recent research reports. UBS Group raised their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Royal Bank of Canada increased their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Morgan Stanley restated an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their target price 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 issued a buy rating to the company's stock. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and an average target price 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.