Algert Global LLC Grows Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Algert Global LLC raised its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 274.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 397,771 shares of the company's stock after purchasing an additional 291,480 shares during the period. Algert Global LLC owned 0.16% of Clearwater Analytics worth $10,947,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after acquiring an additional 2,950,555 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after buying an additional 2,931,445 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Clearwater Analytics by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after buying an additional 2,455,844 shares during the period. Norges Bank acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at $59,402,000. Finally, Blair William & Co. IL grew its holdings in shares of Clearwater Analytics by 3,835.2% in the 4th quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock worth $48,290,000 after purchasing an additional 1,710,141 shares during the last quarter. Institutional investors own 50.10% of the company's stock.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $23.17, for a total transaction of $433,279.00. Following the transaction, the chief financial officer now owns 358,885 shares of the company's stock, valued at approximately $8,315,365.45. This trade represents a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $27.63, for a total value of $1,381,500.00. Following the sale, the chief executive officer now owns 615,855 shares of the company's stock, valued at $17,016,073.65. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,478,363 in the last quarter. Insiders own 4.60% of the company's stock.

Clearwater Analytics Stock Performance

Clearwater Analytics stock traded up $0.03 during mid-day trading on Wednesday, reaching $22.89. 2,451,688 shares of the company's stock were exchanged, compared to its average volume of 2,250,893. The firm has a market capitalization of $5.75 billion, a PE ratio of 13.79, a P/E/G ratio of 8.23 and a beta of 0.79. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $25.05 and its 200 day simple moving average is $27.46. Clearwater Analytics Holdings, Inc. has a one year low of $17.58 and a one year high of $35.71.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. started coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective on the stock. Royal Bank of Canada raised their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Morgan Stanley reiterated an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report 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 report on Thursday, February 20th. 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.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.