Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Bought by Centiva Capital LP

Centiva Capital LP raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 166.1% 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 82,211 shares of the company's stock after acquiring an additional 51,318 shares during the quarter. Centiva Capital LP's holdings in Clearwater Analytics were worth $2,262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CWAN. GAMMA Investing LLC lifted its position in shares of Clearwater Analytics by 57.4% during the 4th 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. Steward Partners Investment Advisory LLC raised its stake in Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after buying an additional 502 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after buying an additional 521 shares during the last quarter. Summit Creek Advisors LLC boosted its position in shares of Clearwater Analytics by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock worth $7,844,000 after acquiring an additional 833 shares in the last quarter. Finally, Bullseye Asset Management LLC increased its holdings in shares of Clearwater Analytics by 1.1% in the 4th quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company's stock valued at $3,087,000 after acquiring an additional 1,181 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CWAN shares. Piper Sandler decreased their target price on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. UBS Group upped their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. began 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. Royal Bank of Canada boosted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Clearwater Analytics presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Clearwater Analytics Stock Performance

CWAN stock traded up $0.56 during trading on Friday, hitting $23.52. The company had a trading volume of 3,079,336 shares, compared to its average volume of 2,267,180. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.63 and a 1-year high of $35.71. The firm has a 50-day moving average price of $24.77 and a 200-day moving average price of $27.40. 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 firm has a market cap of $5.90 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $125.11 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company's quarterly revenue was up 23.5% compared to the same quarter last year. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business's 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 sale, the chief financial officer now directly owns 358,885 shares in the company, valued at approximately $8,315,365.45. The trade was a 4.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $1,381,500.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,510 shares of company stock worth $18,478,363. Company insiders own 4.60% of the company's stock.

About Clearwater Analytics

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.