Swiss National Bank Has $10.66 Million Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Swiss National Bank grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 387,300 shares of the company's stock after buying an additional 74,400 shares during the quarter. Swiss National Bank owned 0.16% of Clearwater Analytics worth $10,658,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CWAN. Burkehill Global Management LP bought a new position in Clearwater Analytics during the fourth quarter worth about $8,256,000. Great Lakes Advisors LLC acquired a new stake in Clearwater Analytics in the 4th quarter valued at $8,473,000. HighTower Advisors LLC boosted its stake in Clearwater Analytics by 937.9% in the 4th quarter. HighTower Advisors LLC now owns 97,559 shares of the company's stock valued at $2,685,000 after buying an additional 88,159 shares in the last quarter. Clare Market Investments LLC bought a new stake in Clearwater Analytics in the fourth quarter valued at $413,000. Finally, AlphaQuest LLC raised its stake in Clearwater Analytics by 700.5% during the fourth quarter. AlphaQuest LLC now owns 15,097 shares of the company's stock worth $415,000 after acquiring an additional 13,211 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Wells Fargo & Company increased their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Morgan Stanley reiterated an "overweight" rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, UBS Group increased their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and an average target price of $33.80.

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Clearwater Analytics Trading Up 2.3 %

Clearwater Analytics stock traded up $0.62 during trading hours on Monday, reaching $27.11. 2,190,120 shares of the company's stock traded hands, compared to its average volume of 1,918,960. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 8.23 and a beta of 0.69. 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 fifty-two week low of $15.62 and a fifty-two week high of $35.71. The firm's 50 day moving average is $28.26 and its 200-day moving average is $27.82.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) 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 the consensus estimate of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Activity at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 218,687 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $6,575,918.09. Following the sale, the chief executive officer now directly owns 681,588 shares in the company, valued at $20,495,351.16. This trade represents a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Scott Stanley Erickson sold 76,256 shares of the business'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 $2,293,017.92. Following the transaction, the executive now owns 78,363 shares of the company's stock, valued at approximately $2,356,375.41. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is owned by insiders.

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.