16,336 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,336 shares of the company's stock, valued at approximately $450,000.

A number of other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake 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 valued at $39,690,000 after buying an additional 1,357,425 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Clearwater Analytics in the third quarter valued at approximately $3,677,000. Loomis Sayles & Co. L P lifted its holdings in Clearwater Analytics by 11.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock worth $83,186,000 after acquiring an additional 327,880 shares during the period. Swiss National Bank boosted its position in Clearwater Analytics by 8.5% in the third quarter. Swiss National Bank now owns 312,900 shares of the company's stock worth $7,901,000 after purchasing an additional 24,600 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in Clearwater Analytics by 189.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after purchasing an additional 830,684 shares during the period. 50.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CWAN has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. UBS Group boosted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their target price for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. 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 report on Thursday, February 20th. Finally, Oppenheimer upped their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.80.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded down $0.77 during trading on Monday, hitting $30.33. 2,958,209 shares of the company were exchanged, compared to its average volume of 2,509,882. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The stock has a 50 day moving average of $28.20 and a 200 day moving average of $27.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market cap of $7.49 billion, a PE ratio of 18.27, a P/E/G ratio of 8.23 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The company had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity

In other Clearwater Analytics news, CTO Souvik Das sold 76,844 shares of the company'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 $2,310,699.08. Following the transaction, the chief technology officer now directly owns 68,902 shares in the company, valued at $2,071,883.14. This represents a 52.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Subi Sethi sold 62,482 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the sale, the insider now owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. This trade represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 733,431 shares of company stock worth $21,444,493. 4.60% of the stock is owned by company insiders.

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.