Intech Investment Management LLC Grows Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Intech Investment Management LLC raised its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 145.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,821 shares of the company's stock after purchasing an additional 41,410 shares during the quarter. Intech Investment Management LLC's holdings in Clearwater Analytics were worth $1,921,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. UBS Group increased their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Wells Fargo & Company raised their target price on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.80.

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Clearwater Analytics Stock Performance

Shares of NYSE CWAN traded up $0.53 during midday trading on Tuesday, hitting $27.60. The company's stock had a trading volume of 2,390,090 shares, compared to its average volume of 1,918,579. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 8.23 and a beta of 0.69. 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 stock has a fifty day moving average price of $28.28 and a 200 day moving average price of $27.85. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its earnings results 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). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Clearwater Analytics news, 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 value 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 trade represents a 7.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the transaction, the chief financial officer now owns 358,502 shares of the company's stock, valued at $9,528,983.16. This trade represents a 4.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock worth $18,688,862 in the last quarter. 4.60% of the stock is owned by company insiders.

Clearwater Analytics 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.