JPMorgan Chase & Co. Buys 1,585,869 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

JPMorgan Chase & Co. increased its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,613,815 shares of the company's stock after buying an additional 1,585,869 shares during the quarter. JPMorgan Chase & Co. owned 1.87% of Clearwater Analytics worth $126,972,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CWAN. Elo Mutual Pension Insurance Co acquired a new position in Clearwater Analytics during the fourth quarter worth $324,000. Pier Capital LLC acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $3,538,000. Zions Bancorporation N.A. bought a new position in Clearwater Analytics during the 4th quarter valued at about $1,076,000. EntryPoint Capital LLC acquired a new position in Clearwater Analytics in the fourth quarter valued at about $359,000. Finally, Zevenbergen Capital Investments LLC bought a new stake in Clearwater Analytics during the fourth quarter worth about $16,843,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total transaction of $503,778.00. Following the transaction, the chief financial officer now owns 279,857 shares of the company's stock, valued at $7,539,347.58. The trade was a 6.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the firm'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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 644,510 shares of company stock worth $18,688,862. Insiders own 4.60% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on CWAN shares. 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. Piper Sandler upgraded shares of 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 report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley reissued an "overweight" rating and set a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Wells Fargo & Company upped their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Stock Down 6.4 %

Shares of CWAN traded down $1.61 on Friday, hitting $23.45. The company's stock had a trading volume of 2,394,862 shares, compared to its average volume of 2,047,590. The firm's fifty day moving average price is $28.01 and its 200-day moving average price is $27.99. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. 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 firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The company had revenue of $126.47 million during 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%. On average, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS 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.