Loomis Sayles & Co. L P Has $88.02 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Loomis Sayles & Co. L P lessened its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,198,411 shares of the company's stock after selling 96,071 shares during the quarter. Loomis Sayles & Co. L P owned about 1.29% of Clearwater Analytics worth $88,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWAN. Vanguard Group Inc. lifted its stake 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 acquiring an additional 2,455,844 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Clearwater Analytics by 3.2% in the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company's stock valued at $457,909,000 after purchasing an additional 559,564 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Clearwater Analytics by 52.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock valued at $126,972,000 after acquiring an additional 1,585,869 shares during the period. State Street Corp raised its holdings in shares of Clearwater Analytics by 38.7% in the third quarter. State Street Corp now owns 3,617,462 shares of the company's stock valued at $91,341,000 after buying an additional 1,009,548 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Clearwater Analytics by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company's stock valued at $88,710,000 after buying an additional 187,881 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Analysts Set New Price Targets

CWAN has been the topic of a number of research reports. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $28.00 to $36.00 in a report on Thursday, February 20th. UBS Group lifted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Oppenheimer raised their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.80.

Insider Activity

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 615,855 shares of the company's stock, valued at approximately $15,944,485.95. This represents a 7.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the transaction, the executive now owns 7,902 shares in the company, valued at approximately $218,490.30. The trade was a 34.39 % 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. Corporate insiders own 4.60% of the company's stock.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock traded down $0.35 during trading on Monday, reaching $26.18. The company's stock had a trading volume of 467,405 shares, compared to its average volume of 2,018,313. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The business's fifty day moving average price is $28.28 and its 200-day moving average price is $27.94.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued 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). The business had revenue of $126.47 million for 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%. As a group, equities research 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.