215,444 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Acquired by BNP Paribas Financial Markets

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

A number of other large investors also recently bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in Clearwater Analytics by 38.1% during the 4th quarter. Ameriprise Financial Inc. now owns 741,498 shares of the company's stock valued at $20,406,000 after purchasing an additional 204,563 shares in the last quarter. Algert Global LLC increased its stake in Clearwater Analytics by 274.2% during the 4th quarter. Algert Global LLC now owns 397,771 shares of the company's stock valued at $10,947,000 after purchasing an additional 291,480 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Clearwater Analytics during the 4th quarter valued at about $121,000. PDT Partners LLC bought a new stake in Clearwater Analytics during the 4th quarter valued at about $2,831,000. Finally, Schonfeld Strategic Advisors LLC increased its stake in Clearwater Analytics by 96.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 114,200 shares of the company's stock valued at $3,143,000 after purchasing an additional 56,203 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

NYSE CWAN traded down $0.21 during trading hours on Friday, hitting $23.81. 4,057,224 shares of the company's stock traded hands, compared to its average volume of 2,310,150. The business's fifty day moving average price is $24.31 and its two-hundred day moving average price is $27.34. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $6.74 billion, a P/E ratio of 14.34, a P/E/G ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.63 and a 52 week high of $35.71.

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Piper Sandler reduced their price target 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. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target for the company. Morgan Stanley reiterated an "overweight" rating and issued a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 218,687 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $6,575,918.09. Following the sale, the chief executive officer now owns 681,588 shares of the company's stock, valued at approximately $20,495,351.16. This represents a 24.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of the sale, the chief financial officer now directly owns 274,857 shares in the company, valued at approximately $7,511,841.81. This represents a 6.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,311,363 over the last 90 days. 3.31% of the stock is currently owned by corporate 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.