Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Bought by Nebula Research & Development LLC

Nebula Research & Development LLC increased its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 55.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,398 shares of the company's stock after acquiring an additional 29,861 shares during the period. Nebula Research & Development LLC's holdings in Clearwater Analytics were worth $2,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings 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 purchasing an additional 468 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics in the fourth quarter worth approximately $57,000. R Squared Ltd acquired a new position in Clearwater Analytics during the fourth quarter worth $80,000. Aster Capital Management DIFC Ltd purchased a new stake in Clearwater Analytics in the 4th quarter valued at $82,000. Finally, Nisa Investment Advisors LLC increased 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 during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CWAN. Royal Bank of Canada upped their price objective on shares of 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 dropped their price objective on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $28.00 to $36.00 in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, UBS Group upped their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, Clearwater Analytics has a consensus rating of "Moderate Buy" and a consensus target price of $32.80.

Insider Activity

In related news, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $27.63, for a total value of $1,381,500.00. Following the sale, the chief executive officer now owns 615,855 shares of the company's stock, valued at $17,016,073.65. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Subi Sethi sold 62,482 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the sale, the insider now directly owns 144,973 shares in the company, valued at approximately $4,359,338.11. This trade represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 644,510 shares of company stock valued at $18,478,363. 4.60% of the stock is currently owned by company insiders.

Clearwater Analytics Stock Up 0.1 %

Shares of NYSE CWAN traded up $0.02 during midday trading on Monday, hitting $22.76. The company's stock had a trading volume of 3,162,399 shares, compared to its average volume of 2,167,791. The business's fifty day simple moving average is $26.12 and its two-hundred day simple moving average is $27.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76.

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 net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million during the quarter, compared to analysts' expectations of $120.34 million. On average, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

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.