Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is Scalar Gauge Management LLC's 5th Largest Position

Scalar Gauge Management LLC raised its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 586,998 shares of the company's stock after acquiring an additional 20,013 shares during the period. Clearwater Analytics comprises approximately 7.5% of Scalar Gauge Management LLC's portfolio, making the stock its 5th biggest holding. Scalar Gauge Management LLC owned about 0.24% of Clearwater Analytics worth $16,154,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after acquiring an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Clearwater Analytics during the fourth quarter valued at about $57,000. R Squared Ltd bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at about $80,000. Nisa Investment Advisors LLC raised its holdings in shares of 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, OFI Invest Asset Management purchased a new stake in Clearwater Analytics in the 4th quarter worth approximately $88,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Down 5.4 %

NYSE CWAN traded down $1.36 on Friday, hitting $23.70. The stock had a trading volume of 799,875 shares, compared to its average volume of 2,030,387. The business's fifty day moving average price is $28.10 and its 200 day moving average price is $27.95. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth 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 52-week low of $15.62 and a 52-week high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $120.34 million. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics 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 directly owns 681,588 shares in the company, valued at approximately $20,495,351.16. The trade was a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total value of $503,778.00. Following the transaction, the chief financial officer now owns 279,857 shares of the company's stock, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 644,510 shares of company stock worth $18,688,862. Company insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Wells Fargo & Company increased their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Morgan Stanley reissued 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, UBS Group increased 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. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.80.

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.