Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,186,137 shares of the company’s stock after acquiring an additional 673,626 shares during the period. Geode Capital Management LLC owned about 1.69% of Clearwater Analytics worth $115,232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics during the 4th quarter worth approximately $57,000. R Squared Ltd acquired a new position in shares of Clearwater Analytics in the 4th quarter worth approximately $80,000. Nisa Investment Advisors LLC increased its holdings in shares of Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after acquiring an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Clearwater Analytics during the 4th quarter valued at approximately $88,000. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CWAN. Wells Fargo & Company lifted their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Royal Bank of Canada lifted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, UBS Group upped their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.80.

Clearwater Analytics Trading Down 3.8 %

NYSE:CWAN opened at $22.07 on Wednesday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The business has a fifty day moving average of $27.64 and a 200-day moving average of $27.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 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 the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.58, for a total value of $497,046.00. Following the transaction, the chief financial officer now owns 358,502 shares of the company’s stock, valued at $9,528,983.16. The trade was a 4.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction 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 ninety days, insiders sold 644,510 shares of company stock valued at $18,688,862. 4.60% of the stock is owned by corporate insiders.

Clearwater Analytics 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.