Pictet Asset Management Holding SA Purchases 47,949 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Pictet Asset Management Holding SA boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 180.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,541 shares of the company's stock after acquiring an additional 47,949 shares during the period. Pictet Asset Management Holding SA's holdings in Clearwater Analytics were worth $2,051,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, insider Subi Sethi sold 62,482 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the transaction, the insider now owns 144,973 shares in the company, valued at $4,359,338.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the transaction, the chief financial officer now directly owns 279,857 shares in the company, valued at $7,539,347.58. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,510 shares of company stock worth $18,688,862. Company insiders own 4.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CWAN shares. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. Morgan Stanley reiterated 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. DA Davidson upgraded 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 report on Tuesday, January 14th. Royal Bank of Canada raised their target price on 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 upped their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.80.

Clearwater Analytics Stock Performance

Clearwater Analytics stock traded up $1.77 during midday trading on Wednesday, hitting $23.96. The company's stock had a trading volume of 3,506,497 shares, compared to its average volume of 2,072,326. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 8.23 and a beta of 0.76. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a 50-day moving average price of $27.46 and a two-hundred day moving average price of $27.87.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results 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). The company had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share 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.