Cubist Systematic Strategies LLC Acquires New Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Cubist Systematic Strategies LLC acquired a new position 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 Securities and Exchange Commission. The firm acquired 1,103,756 shares of the company's stock, valued at approximately $30,375,000. Cubist Systematic Strategies LLC owned approximately 0.45% of Clearwater Analytics at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake 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 boosted its stake in Clearwater Analytics by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock worth $469,000 after buying an additional 502 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after acquiring an additional 521 shares during the last quarter. Summit Creek Advisors LLC grew its holdings in Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock valued at $7,844,000 after purchasing an additional 833 shares during the period. Finally, Bullseye Asset Management LLC boosted 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 purchasing an additional 1,181 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the transaction, the executive now directly owns 7,902 shares in the company, valued at approximately $218,490.30. The trade was a 34.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders sold 644,510 shares of company stock worth $18,478,363. Corporate insiders own 4.60% of the company's stock.

Clearwater Analytics Trading Down 1.7 %

NYSE:CWAN opened at $22.73 on Tuesday. The stock has a fifty day simple moving average of $25.35 and a 200 day simple moving average of $27.52. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.27 and a 1-year high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

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, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $126.86 million for 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%. Clearwater Analytics's revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. Sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CWAN shares. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their target price for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price on the stock. Royal Bank of Canada upped their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price target on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. 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 given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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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