16,735 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Acquired by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,735 shares of the company's stock, valued at approximately $461,000.

A number of other large investors have also recently modified their holdings of CWAN. Principal Financial Group Inc. raised its position in 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 valued at $39,690,000 after purchasing an additional 1,357,425 shares in the last quarter. State Street Corp increased its position in shares of Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company's stock valued at $91,341,000 after purchasing an additional 1,009,548 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after buying an additional 830,684 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Clearwater Analytics in the 4th quarter worth approximately $20,482,000. Finally, Wasatch Advisors LP lifted its position in Clearwater Analytics by 3.2% in the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company's stock worth $457,909,000 after buying an additional 559,564 shares during the last quarter. Institutional investors own 50.10% of the company's stock.

Analysts Set New Price Targets

CWAN has been the topic of several research reports. Oppenheimer lifted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. UBS Group boosted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note 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 research note on Thursday, February 20th. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, Morgan Stanley restated an "overweight" rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.80.

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Insider Activity

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.58, for a total value of $497,046.00. Following the transaction, the chief financial officer now directly owns 358,502 shares of the company's stock, valued at approximately $9,528,983.16. This trade represents a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares in the company, valued at $15,944,485.95. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 644,510 shares of company stock worth $18,688,862. Corporate insiders own 4.60% of the company's stock.

Clearwater Analytics Trading Down 0.9 %

NYSE:CWAN traded down $0.24 during mid-day trading on Thursday, reaching $27.05. 1,613,524 shares of the company's stock traded hands, compared to its average volume of 1,921,809. The company has a 50 day moving average price of $28.31 and a 200-day moving average price of $27.87. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 8.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. 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 (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. On average, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.