BNP Paribas Financial Markets Makes New $5.93 Million Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

BNP Paribas Financial Markets bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 215,444 shares of the company's stock, valued at approximately $5,929,000. BNP Paribas Financial Markets owned approximately 0.09% of Clearwater Analytics at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics during the 4th quarter valued at about $57,000. R Squared Ltd acquired a new position in Clearwater Analytics in the fourth quarter valued at about $80,000. Aster Capital Management DIFC Ltd acquired a new position in Clearwater Analytics in the fourth quarter valued at about $82,000. Finally, Nisa Investment Advisors LLC grew its stake in Clearwater Analytics by 174.1% during the fourth 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 last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Trading Down 0.9%

Shares of NYSE:CWAN traded down $0.21 during midday trading on Friday, hitting $23.81. The company had a trading volume of 4,057,224 shares, compared to its average volume of 2,298,679. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.63 and a 12 month high of $35.71. The firm has a fifty day simple moving average of $24.38 and a 200 day simple moving average of $27.35. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 8.23 and a beta of 0.79.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Clearwater Analytics's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling

In related news, CRO Scott Stanley Erickson sold 4,141 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.65, for a total value of $114,498.65. Following the sale, the executive now directly owns 7,902 shares of the company's stock, valued at approximately $218,490.30. The trade was a 34.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the completion of the transaction, the chief executive officer now directly owns 876,754 shares of the company's stock, valued at approximately $20,244,249.86. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 644,510 shares of company stock valued at $18,311,363. 3.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CWAN has been the topic of several recent analyst reports. UBS Group boosted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Royal Bank of Canada lifted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler dropped their target price on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Clearwater Analytics in a research note on Friday, April 25th. They set an "overweight" rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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.