Canada Pension Plan Investment Board Has $7.27 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Canada Pension Plan Investment Board lifted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 4,700.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 264,000 shares of the company's stock after acquiring an additional 258,500 shares during the period. Canada Pension Plan Investment Board owned 0.11% of Clearwater Analytics worth $7,265,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Clearwater Analytics in the 4th quarter valued at approximately $57,000. R Squared Ltd bought a new position in Clearwater Analytics in the 4th quarter worth approximately $80,000. Aster Capital Management DIFC Ltd bought a new position in Clearwater Analytics in the 4th quarter worth approximately $82,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after acquiring an additional 1,987 shares during the period. 50.10% of the stock is owned by institutional investors.

Insider Activity

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $27.63, for a total transaction of $1,381,500.00. Following the transaction, the chief executive officer now owns 615,855 shares in the company, valued at approximately $17,016,073.65. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Subi Sethi sold 62,482 shares of the business's 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 transaction, the insider now owns 144,973 shares of the company's stock, valued at $4,359,338.11. The trade was a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,478,363 over the last three months. 4.60% of the stock is owned by insiders.

Clearwater Analytics Price Performance

NYSE CWAN traded up $0.05 during trading hours on Friday, reaching $22.80. 2,571,131 shares of the company's stock were exchanged, compared to its average volume of 2,153,368. The firm has a fifty day moving average of $26.30 and a 200-day moving average of $27.66. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The stock has a market cap of $5.72 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. 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 announced 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). The business 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, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CWAN. Royal Bank of Canada upped their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a research report on Friday. They set an "overweight" rating and a $28.00 price objective on the stock. Wells Fargo & Company cut their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday. Morgan Stanley restated an "overweight" rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their target price for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.80.

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.