Zweig DiMenna Associates LLC Increases Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Zweig DiMenna Associates LLC raised its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 264,600 shares of the company’s stock after buying an additional 68,900 shares during the quarter. Zweig DiMenna Associates LLC owned about 0.11% of Clearwater Analytics worth $7,282,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP raised its holdings in shares of Clearwater Analytics by 3.2% in the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after buying an additional 559,564 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in Clearwater Analytics by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock worth $171,156,000 after buying an additional 107,210 shares during the last quarter. State Street Corp lifted its stake in Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after acquiring an additional 1,009,548 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Clearwater Analytics by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock valued at $88,710,000 after acquiring an additional 187,881 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Clearwater Analytics by 11.1% in 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. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley raised Clearwater Analytics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Royal Bank of Canada lowered their target price on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company lifted their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Piper Sandler increased their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the sale, the executive now directly owns 6,373 shares in the company, valued at $199,729.82. This represents a 37.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction 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 transaction, the chief financial officer now owns 279,857 shares in the company, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 253,052 shares of company stock worth $7,182,724 over the last three months. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE CWAN opened at $28.33 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a market cap of $7.00 billion, a PE ratio of 2,836.04, a price-to-earnings-growth ratio of 7.66 and a beta of 0.72. The stock’s 50 day simple moving average is $29.01 and its 200-day simple moving average is $25.90.

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.