Invesco Ltd. Purchases 352,201 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Invesco Ltd. boosted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,253,863 shares of the company's stock after purchasing an additional 352,201 shares during the quarter. Invesco Ltd. owned about 1.72% of Clearwater Analytics worth $117,066,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CWAN. GAMMA Investing LLC grew 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 valued at $35,000 after acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics during the fourth quarter worth about $57,000. R Squared Ltd bought a new position in Clearwater Analytics in the 4th quarter valued at about $80,000. Aster Capital Management DIFC Ltd bought a new stake in Clearwater Analytics during the 4th quarter worth approximately $82,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after purchasing an additional 1,987 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CWAN. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Wells Fargo & Company lifted their target price on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Royal Bank of Canada increased their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, UBS Group boosted 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. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics has a consensus rating of "Moderate Buy" and an average price target of $33.80.

Insider Transactions at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the transaction, the chief executive officer now owns 681,588 shares in the company, valued at approximately $20,495,351.16. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total value of $433,279.00. Following the sale, the chief financial officer now owns 358,885 shares of the company's stock, valued at $8,315,365.45. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,478,363 in the last three months. 4.60% of the stock is currently owned by company insiders.

Clearwater Analytics Trading Down 0.2 %

Shares of NYSE CWAN traded down $0.04 during trading hours on Thursday, hitting $23.04. The company's stock had a trading volume of 3,425,903 shares, compared to its average volume of 2,096,618. The business has a 50-day simple moving average of $26.91 and a 200-day simple moving average of $27.77. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 8.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. On average, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.