Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Position Increased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC raised its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,600 shares of the company's stock after buying an additional 68,900 shares during the period. Zweig DiMenna Associates LLC owned about 0.11% of Clearwater Analytics worth $7,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after purchasing an additional 1,987 shares during the period. Jackson Square Capital LLC acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $558,000. Park Avenue Securities LLC acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $345,000. GAMMA Investing LLC increased its position in Clearwater Analytics by 57.4% during 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 in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Clearwater Analytics by 348.3% during the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company's stock worth $2,141,000 after acquiring an additional 65,878 shares during the last quarter. 50.10% of the stock is owned by institutional investors.

Insider Transactions at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the transaction, the executive now directly owns 6,373 shares of the company's stock, valued at $199,729.82. This represents a 37.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction that occurred on 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 owns 279,857 shares of the company's stock, valued at $7,539,347.58. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,052 shares of company stock worth $7,182,724. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Price Performance

Shares of CWAN stock traded down $0.05 on Friday, reaching $28.28. The company's stock had a trading volume of 1,812,217 shares, compared to its average volume of 2,371,267. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 2,831.03, a price-to-earnings-growth ratio of 7.66 and a beta of 0.72. The stock's fifty day simple moving average is $29.01 and its 200-day simple moving average is $25.90. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

CWAN has been the topic of a number of analyst reports. Piper Sandler upped their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Clearwater Analytics from $36.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company raised their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

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.