Teacher Retirement System of Texas Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Teacher Retirement System of Texas acquired a new stake in 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 (SEC). The fund acquired 80,493 shares of the company's stock, valued at approximately $2,215,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in 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 period. Arcadia Investment Management Corp MI bought a new position in shares of Clearwater Analytics during the fourth quarter worth $57,000. R Squared Ltd purchased a new position in Clearwater Analytics during the fourth quarter valued at $80,000. Nisa Investment Advisors LLC increased its holdings 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 acquiring an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Clearwater Analytics in the 4th quarter worth $88,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Activity at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares in the company, valued at $15,944,485.95. This trade represents a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the sale, the chief financial officer now directly owns 279,857 shares of the company's stock, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 644,510 shares of company stock valued at $18,688,862 in the last three months. 4.60% of the stock is owned by insiders.

Clearwater Analytics Stock Down 1.9 %

Shares of CWAN stock traded down $0.52 during trading hours on Friday, reaching $26.51. 1,370,390 shares of the company's stock were exchanged, compared to its average volume of 2,024,213. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The stock's 50 day moving average is $28.28 and its 200-day moving average is $27.94. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced 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 business had revenue of $126.47 million for 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%. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of recent research reports. Oppenheimer lifted their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Morgan Stanley reissued an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Royal Bank of Canada increased their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note 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 stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, Wells Fargo & Company raised their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.80.

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.