Brevan Howard Capital Management LP Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Brevan Howard Capital Management LP acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 53,623 shares of the company's stock, valued at approximately $1,476,000.

Several other institutional investors have also bought and sold shares of the stock. Captrust Financial Advisors raised its position in shares of Clearwater Analytics by 52.9% during the 4th quarter. Captrust Financial Advisors now owns 21,892 shares of the company's stock worth $602,000 after buying an additional 7,573 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Clearwater Analytics by 39.5% during the fourth quarter. Bank of America Corp DE now owns 809,924 shares of the company's stock valued at $22,289,000 after acquiring an additional 229,524 shares during the period. BNP Paribas Financial Markets bought a new stake in Clearwater Analytics during the fourth quarter worth approximately $5,929,000. Ameriprise Financial Inc. lifted its position in Clearwater Analytics by 38.1% in the fourth quarter. Ameriprise Financial Inc. now owns 741,498 shares of the company's stock worth $20,406,000 after purchasing an additional 204,563 shares during the period. Finally, Algert Global LLC boosted 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. Institutional investors and hedge funds own 50.10% of the company's stock.

Insider Activity

In related news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $27.63, for a total transaction of $1,381,500.00. Following the completion of the sale, the chief executive officer now owns 615,855 shares of the company's stock, valued at $17,016,073.65. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock worth $18,478,363 in the last ninety days. Corporate insiders own 4.60% of the company's stock.

Clearwater Analytics Stock Up 0.8 %

Shares of Clearwater Analytics stock opened at $22.90 on Wednesday. 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 1 year low of $17.42 and a 1 year high of $35.71. The stock has a 50-day moving average price of $25.21 and a 200 day moving average price of $27.49. The company has a market cap of $5.75 billion, a P/E ratio of 13.80, a P/E/G ratio of 8.23 and a beta of 0.79.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CWAN shares. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price objective for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Piper Sandler reduced their price objective on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a report on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price on the stock. 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 report on Thursday, February 20th. Finally, UBS Group increased their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently 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.

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