Resona Asset Management Co. Ltd. Makes New $991,000 Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,028 shares of the company's stock, valued at approximately $991,000.

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

Clearwater Analytics Stock Performance

CWAN stock traded up $0.10 during mid-day trading on Wednesday, reaching $23.47. 659,799 shares of the stock traded hands, compared to its average volume of 2,506,679. 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 business has a 50-day moving average of $27.02 and a two-hundred day moving average of $27.80. The firm has a market capitalization of $5.89 billion, a PE ratio of 14.14, a P/E/G ratio of 8.23 and a beta of 0.76. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The business had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. As a group, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.58, for a total value of $497,046.00. Following the completion of the sale, the chief financial officer now owns 358,502 shares in the company, valued at approximately $9,528,983.16. This trade represents a 4.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $23.09, for a total value of $1,154,500.00. Following the completion of the transaction, the chief executive officer now owns 876,754 shares of the company's stock, valued at $20,244,249.86. The trade was a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 625,810 shares of company stock valued at $18,045,084. 4.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Royal Bank of Canada upped their price objective 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. Morgan Stanley reissued an "overweight" rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, UBS Group boosted their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.