CIBC Private Wealth Group LLC Increases Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

CIBC Private Wealth Group LLC grew its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 18.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,155 shares of the company's stock after buying an additional 11,450 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Clearwater Analytics were worth $2,049,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Clearwater Analytics by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after buying an additional 2,455,844 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Clearwater Analytics by 52.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock worth $126,972,000 after acquiring an additional 1,585,869 shares in the last quarter. State Street Corp lifted its stake in Clearwater Analytics by 38.7% during the third quarter. State Street Corp now owns 3,617,462 shares of the company's stock worth $91,341,000 after purchasing an additional 1,009,548 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Clearwater Analytics by 5.7% in the third quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company's stock valued at $88,710,000 after purchasing an additional 187,881 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Clearwater Analytics by 10.4% in the third quarter. Wellington Management Group LLP now owns 3,003,930 shares of the company's stock valued at $75,849,000 after purchasing an additional 281,958 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada boosted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Wells Fargo & Company raised their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Finally, DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Stock Performance

NYSE:CWAN traded down $0.53 during midday trading on Monday, reaching $22.91. The stock had a trading volume of 3,565,955 shares, compared to its average volume of 2,054,885. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $5.75 billion, a P/E ratio of 13.80, a P/E/G ratio of 8.23 and a beta of 0.76. The firm has a fifty day simple moving average of $27.91 and a two-hundred day simple moving average of $27.97. 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 issued its 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 firm had revenue of $126.47 million during the quarter, compared to analysts' expectations of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, equities analysts expect 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 50,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at $15,944,485.95. This represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the transaction, the insider now owns 144,973 shares of the company's stock, valued at $4,359,338.11. This represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 644,510 shares of company stock valued at $18,688,862. Corporate insiders own 4.60% of the company's stock.

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.