Charles Schwab Investment Management Inc. Has $45.70 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,660,566 shares of the company's stock after acquiring an additional 365,153 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.67% of Clearwater Analytics worth $45,699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position 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 in the last quarter. Arcadia Investment Management Corp MI acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $57,000. R Squared Ltd acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $80,000. Nisa Investment Advisors LLC grew its holdings in Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after purchasing an additional 1,987 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Clearwater Analytics by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock valued at $90,000 after purchasing an additional 995 shares during the last quarter. Institutional investors own 50.10% of the company's stock.

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Clearwater Analytics Price Performance

Shares of NYSE CWAN traded up $0.02 during mid-day trading on Tuesday, hitting $26.61. 2,419,819 shares of the stock were exchanged, compared to its average volume of 1,897,081. The company has a market cap of $6.68 billion, a P/E ratio of 16.03, a PEG ratio of 8.23 and a beta of 0.69. The stock's fifty day simple moving average is $28.30 and its two-hundred day simple moving average is $27.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $126.47 million for 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%. As a group, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. UBS Group increased their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their price target for the company from $28.00 to $36.00 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 report on Tuesday, December 3rd. Finally, Royal Bank of Canada raised their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.80.

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 218,687 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the sale, the chief executive officer now owns 681,588 shares of the company's stock, valued at approximately $20,495,351.16. This trade represents a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 4,141 shares of the firm'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 transaction of $114,498.65. Following 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. Over the last 90 days, insiders sold 644,510 shares of company stock valued at $18,688,862. Corporate insiders own 4.60% of the company's stock.

Clearwater Analytics Company 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.