Swiss National Bank Buys 74,400 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Swiss National Bank boosted its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 23.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 387,300 shares of the company’s stock after purchasing an additional 74,400 shares during the period. Swiss National Bank’s holdings in Clearwater Analytics were worth $10,658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares during the period. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics in the 4th quarter worth approximately $57,000. R Squared Ltd bought a new position in Clearwater Analytics in the 4th quarter worth approximately $80,000. Nisa Investment Advisors LLC increased its position in Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after buying an additional 1,987 shares during the period. Finally, OFI Invest Asset Management bought a new position in Clearwater Analytics in the 4th quarter worth approximately $88,000. 50.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CWAN shares. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, Oppenheimer lifted their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.80.

Clearwater Analytics Trading Up 0.9 %

Shares of CWAN opened at $26.71 on Friday. The stock has a fifty day moving average price of $28.27 and a two-hundred day moving average price of $27.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last issued 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 net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 218,687 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the sale, the chief executive officer now owns 681,588 shares in the company, valued at $20,495,351.16. The trade was a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 on Monday, March 17th. The stock was sold at an average price of $26.58, for a total value of $497,046.00. Following the sale, the chief financial officer now owns 358,502 shares of the company’s stock, valued at approximately $9,528,983.16. The trade was a 4.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock worth $18,688,862 over the last 90 days. 4.60% of the stock is owned by 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.