Elo Mutual Pension Insurance Co Acquires Shares of 11,763 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Elo Mutual Pension Insurance Co purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,763 shares of the company's stock, valued at approximately $324,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after purchasing an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Clearwater Analytics in the fourth quarter worth about $57,000. R Squared Ltd bought a new stake in shares of Clearwater Analytics in the 4th quarter valued at about $80,000. Nisa Investment Advisors LLC boosted its holdings in Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after acquiring an additional 1,987 shares during the period. Finally, OFI Invest Asset Management bought a new position in Clearwater Analytics during the 4th quarter worth approximately $88,000. Institutional investors own 50.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CWAN. Royal Bank of Canada boosted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Wells Fargo & Company upped their target price on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $35.00 to $32.00 in a research 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 report on Friday, February 21st. Finally, UBS Group boosted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Stock Performance

NYSE CWAN traded down $1.61 during trading hours on Friday, hitting $23.45. 2,394,862 shares of the company's stock traded hands, compared to its average volume of 2,042,138. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The firm has a market capitalization of $5.89 billion, a P/E ratio of 14.12, a P/E/G ratio of 8.23 and a beta of 0.69. The business's fifty day moving average price is $28.01 and its two-hundred day moving average price is $27.94.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.47 million during the quarter, compared to analysts' expectations of $120.34 million. Equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling

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