Thrivent Financial for Lutherans Has $1.60 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Thrivent Financial for Lutherans lessened its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 24.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,504 shares of the company's stock after selling 18,644 shares during the quarter. Thrivent Financial for Lutherans' holdings in Clearwater Analytics were worth $1,597,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Cibc World Markets Corp acquired a new stake in Clearwater Analytics in the fourth quarter worth $461,000. Royce & Associates LP increased its holdings in shares of Clearwater Analytics by 17.6% in the fourth quarter. Royce & Associates LP now owns 87,000 shares of the company's stock worth $2,394,000 after acquiring an additional 13,000 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth about $285,000. Natixis Advisors LLC lifted its holdings in shares of Clearwater Analytics by 7.8% during the 4th quarter. Natixis Advisors LLC now owns 76,791 shares of the company's stock valued at $2,113,000 after purchasing an additional 5,531 shares in the last quarter. Finally, Impact Capital Partners LLC acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $406,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. UBS Group increased their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. DA Davidson upgraded 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. Wells Fargo & Company upped 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, Royal Bank of Canada lifted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" 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's stock. According to data from MarketBeat.com, Clearwater Analytics has a consensus rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN traded down $1.66 during mid-day trading on Thursday, reaching $25.07. 1,794,373 shares of the company were exchanged, compared to its average volume of 2,035,156. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The stock has a market capitalization of $6.29 billion, a P/E ratio of 15.10, a P/E/G ratio of 8.23 and a beta of 0.69. The company's 50-day simple moving average is $28.10 and its 200-day simple moving average is $27.95. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm 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, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Activity at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the sale, the chief financial officer now directly owns 358,502 shares of the company's stock, valued at approximately $9,528,983.16. This represents a 4.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were 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 directly owns 615,855 shares of the company's stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 644,510 shares of company stock worth $18,688,862. Corporate insiders own 4.60% of the company's stock.

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.