Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Position Increased by Wellington Management Group LLP

Wellington Management Group LLP raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 98.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,954,485 shares of the company's stock after purchasing an additional 2,950,555 shares during the quarter. Wellington Management Group LLP owned about 2.37% of Clearwater Analytics worth $163,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Clearwater Analytics by 1,600.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock worth $39,690,000 after buying an additional 1,357,425 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Clearwater Analytics by 189.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock worth $34,926,000 after purchasing an additional 830,684 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Clearwater Analytics during the fourth quarter valued at $1,112,000. Moody Aldrich Partners LLC raised its stake in shares of Clearwater Analytics by 32.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company's stock valued at $10,634,000 after purchasing an additional 94,454 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Clearwater Analytics by 46.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,040,188 shares of the company's stock worth $28,626,000 after purchasing an additional 328,542 shares during the period. Institutional investors own 50.10% of the company's stock.

Analyst Ratings Changes

CWAN has been the topic of several research analyst reports. 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. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Royal Bank of Canada lifted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, UBS Group upped their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a 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, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and an average target price of $33.80.

Clearwater Analytics Trading Down 2.2 %

Shares of Clearwater Analytics stock traded down $0.53 on Monday, reaching $22.91. 3,565,955 shares of the company were exchanged, compared to its average volume of 2,054,885. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. 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 stock has a fifty day moving average price of $27.91 and a 200-day moving average price of $27.97.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data 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). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total transaction of $503,778.00. Following the transaction, the chief financial officer now directly owns 279,857 shares of the company's stock, valued at approximately $7,539,347.58. The trade was a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 615,855 shares of the company's stock, valued at $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is owned by corporate insiders.

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.