Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 211.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,336 shares of the company's stock after acquiring an additional 174,013 shares during the period. Quantbot Technologies LP owned 0.10% of Clearwater Analytics worth $7,054,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Clearwater Analytics by 1,600.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock worth $39,690,000 after purchasing an additional 1,357,425 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Clearwater Analytics during the third quarter worth $3,677,000. Loomis Sayles & Co. L P lifted its holdings in shares of Clearwater Analytics by 11.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock worth $83,186,000 after purchasing an additional 327,880 shares during the period. Swiss National Bank lifted its holdings in shares of Clearwater Analytics by 8.5% during the third quarter. Swiss National Bank now owns 312,900 shares of the company's stock worth $7,901,000 after purchasing an additional 24,600 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Clearwater Analytics by 189.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock worth $34,926,000 after purchasing an additional 830,684 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 76,256 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the completion of the transaction, the executive now owns 78,363 shares of the company's stock, valued at $2,356,375.41. This represents a 49.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sandeep Sahai sold 218,687 shares of the company's stock in a transaction dated 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 directly owns 681,588 shares of the company's stock, valued at approximately $20,495,351.16. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is owned by corporate insiders.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN traded up $0.02 during midday trading on Tuesday, hitting $26.61. 2,419,844 shares of the stock were exchanged, compared to its average volume of 1,897,081. The stock has a market cap of $6.68 billion, a P/E ratio of 16.03, a PEG 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. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The company has a 50 day moving average price of $28.30 and a 200-day moving average price of $27.76.

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 the consensus estimate of $0.11 by ($0.07). The firm 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%. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CWAN. Oppenheimer increased their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Morgan Stanley reissued an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada raised their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their target price for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Clearwater Analytics has an average rating of "Moderate Buy" and an average price target of $33.80.

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.