Trexquant Investment LP Boosts Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Trexquant Investment LP grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 92.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 428,766 shares of the company's stock after buying an additional 206,036 shares during the period. Trexquant Investment LP owned approximately 0.17% of Clearwater Analytics worth $11,800,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Clearwater Analytics in the 4th quarter valued at approximately $176,000. Geode Capital Management LLC lifted its position in Clearwater Analytics by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 4,186,137 shares of the company's stock worth $115,232,000 after buying an additional 673,626 shares during the last quarter. Diametric Capital LP purchased a new position in Clearwater Analytics during the fourth quarter worth $237,000. Franklin Resources Inc. bought a new position in Clearwater Analytics during the fourth quarter valued at $44,510,000. Finally, Scalar Gauge Management LLC raised its stake in shares of Clearwater Analytics by 3.5% in the fourth quarter. Scalar Gauge Management LLC now owns 586,998 shares of the company's stock valued at $16,154,000 after acquiring an additional 20,013 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price target 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. Morgan Stanley reaffirmed 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. Wells Fargo & Company raised their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. UBS Group upped their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. One investment 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 a consensus price target of $33.80.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the sale, the chief executive officer now owns 615,855 shares in the company, valued at approximately $15,944,485.95. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.33, for a total value of $511,071.00. Following the sale, the chief financial officer now directly owns 274,857 shares of the company's stock, valued at $7,511,841.81. This trade represents a 6.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock worth $18,688,862 in the last ninety days. 4.60% of the stock is owned by insiders.

Clearwater Analytics Stock Down 1.8 %

NYSE:CWAN traded down $0.42 during trading hours on Monday, reaching $23.01. The company's stock had a trading volume of 1,090,031 shares, compared to its average volume of 2,043,930. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market capitalization of $5.78 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The stock has a 50 day moving average price of $28.01 and a two-hundred day moving average price of $27.99. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $126.47 million during 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%. Equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal 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.