Jump Financial LLC Invests $10.76 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Jump Financial LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 390,916 shares of the company's stock, valued at approximately $10,758,000. Jump Financial LLC owned approximately 0.16% of Clearwater Analytics as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Clearwater Analytics by 13.3% during the fourth 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 during the period. Alliancebernstein L.P. grew its holdings in shares of Clearwater Analytics by 66.0% during the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after purchasing an additional 2,931,445 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after buying an additional 2,950,555 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Clearwater Analytics by 52.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock valued at $126,972,000 after purchasing an additional 1,585,869 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Clearwater Analytics by 9.0% in the 4th quarter. Invesco Ltd. now owns 4,253,863 shares of the company's stock valued at $117,066,000 after purchasing an additional 352,201 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CWAN has been the subject of a number of research analyst reports. Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price objective for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Royal Bank of Canada lifted their target price 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. Finally, Wells Fargo & Company increased their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Stock Performance

NYSE CWAN traded down $0.04 on Friday, reaching $23.04. 3,633,215 shares of the company's stock traded hands, compared to its average volume of 2,106,672. 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 stock has a 50 day moving average price of $26.81 and a 200-day moving average price of $27.75. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The firm 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.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly 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). The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total value of $511,071.00. Following the completion of the transaction, the chief financial officer now owns 274,857 shares in the company, valued at approximately $7,511,841.81. The trade was a 6.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Subi Sethi sold 62,482 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the transaction, the insider now owns 144,973 shares of the company's stock, valued at $4,359,338.11. The trade was a 30.12 % 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 over the last ninety days. 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.