Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock Position Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 394.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,507,900 shares of the company's stock after buying an additional 1,202,900 shares during the period. Renaissance Technologies LLC owned about 0.61% of Clearwater Analytics worth $41,497,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after buying an additional 468 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics in the fourth quarter valued at approximately $57,000. R Squared Ltd purchased a new stake in shares of Clearwater Analytics during the fourth quarter worth $80,000. Aster Capital Management DIFC Ltd purchased a new stake in Clearwater Analytics during the fourth quarter worth approximately $82,000. Finally, Nisa Investment Advisors LLC raised its position in Clearwater Analytics by 174.1% in the 4th 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 during the last quarter. Institutional investors own 50.10% of the company's stock.

Insider Activity

In related news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the sale, the chief financial officer now directly owns 274,857 shares in the company, valued at $7,511,841.81. This trade represents a 6.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the transaction, the insider now directly owns 144,973 shares of the company's stock, valued at $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 625,810 shares of company stock worth $18,045,084 over the last 90 days. 4.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CWAN has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. UBS Group upped their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and an average target price of $33.80.

Clearwater Analytics Stock Up 0.3 %

Shares of NYSE:CWAN traded up $0.07 during midday trading on Wednesday, reaching $23.44. The company's stock had a trading volume of 807,278 shares, compared to its average volume of 2,080,567. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $5.88 billion, a P/E ratio of 14.12, a PEG ratio of 8.23 and a beta of 0.76. The firm has a 50 day moving average of $27.02 and a 200-day moving average of $27.80.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 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 the consensus estimate 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 anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.