Sciencast Management LP Invests $1.39 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Sciencast Management LP bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,564 shares of the company's stock, valued at approximately $1,392,000.

A number of other large investors have also made changes to their positions in CWAN. Wasatch Advisors LP boosted its stake in Clearwater Analytics by 3.2% during the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company's stock worth $457,909,000 after buying an additional 559,564 shares during the last quarter. State Street Corp raised its holdings in shares of Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company's stock worth $91,341,000 after acquiring an additional 1,009,548 shares during the period. Geode Capital Management LLC boosted its position in shares of Clearwater Analytics by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company's stock valued at $88,710,000 after acquiring an additional 187,881 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Clearwater Analytics by 11.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock valued at $83,186,000 after purchasing an additional 327,880 shares during the period. Finally, Wellington Management Group LLP increased its position in Clearwater Analytics by 10.4% during the third quarter. Wellington Management Group LLP now owns 3,003,930 shares of the company's stock worth $75,849,000 after purchasing an additional 281,958 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

CWAN has been the subject of several analyst reports. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their price target for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Morgan Stanley reissued an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Oppenheimer upped their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Wells Fargo & Company raised their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Finally, UBS Group increased their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. One research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.80.

Insider Transactions at Clearwater Analytics

In other news, CTO Souvik Das sold 76,844 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $2,310,699.08. Following the completion of the transaction, the chief technology officer now owns 68,902 shares in the company, valued at approximately $2,071,883.14. This trade represents a 52.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sandeep Sahai sold 218,687 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 644,510 shares of company stock valued at $18,688,862. 4.60% of the stock is currently owned by company insiders.

Clearwater Analytics Trading Down 0.9 %

NYSE CWAN traded down $0.24 during trading on Thursday, hitting $27.05. The stock had a trading volume of 1,613,524 shares, compared to its average volume of 1,921,809. 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 company has a market capitalization of $6.79 billion, a PE ratio of 16.29, a PEG ratio of 8.23 and a beta of 0.69. The firm has a 50 day moving average price of $28.31 and a 200 day moving average price of $27.87. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The business had revenue of $126.47 million during the quarter, compared to analyst estimates 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 research analysts forecast 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.