Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock Position Increased by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 27,536.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,654 shares of the company's stock after acquiring an additional 338,425 shares during the quarter. Federated Hermes Inc. owned about 0.14% of Clearwater Analytics worth $9,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWAN. Wellington Management Group LLP boosted its holdings in shares of Clearwater Analytics by 98.2% during the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after purchasing an additional 2,950,555 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after buying an additional 2,931,445 shares during the period. Vanguard Group Inc. increased its stake in shares of Clearwater Analytics by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock valued at $574,607,000 after acquiring an additional 2,455,844 shares during the last quarter. Norges Bank purchased a new position in shares of Clearwater Analytics during the 4th quarter worth about $59,402,000. Finally, Blair William & Co. IL boosted its position in shares of Clearwater Analytics by 3,835.2% in the fourth quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock worth $48,290,000 after acquiring an additional 1,710,141 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Up 0.4 %

NYSE:CWAN traded up $0.10 during trading hours on Wednesday, hitting $23.47. The stock had a trading volume of 659,799 shares, compared to its average volume of 2,506,679. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a market cap of $5.89 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The business has a 50 day simple moving average of $27.02 and a two-hundred day simple moving average of $27.80.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (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 business had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

CWAN has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. 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. Wells Fargo & Company boosted their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Royal Bank of Canada raised their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, DA Davidson raised 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 note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $33.80.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the sale, the chief executive officer now owns 876,754 shares in the company, valued at $20,244,249.86. This represents a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 76,256 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 value of $2,293,017.92. Following the completion of the transaction, the executive now owns 78,363 shares of the company's stock, valued at approximately $2,356,375.41. The trade was a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 625,810 shares of company stock worth $18,045,084. Corporate insiders own 4.60% of the company's stock.

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.