Deutsche Bank AG Acquires 125,212 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Deutsche Bank AG raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 458,174 shares of the company's stock after buying an additional 125,212 shares during the period. Deutsche Bank AG owned 0.19% of Clearwater Analytics worth $12,609,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CWAN. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $57,000. R Squared Ltd bought a new position in shares of Clearwater Analytics in the fourth quarter worth $80,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at $82,000. Nisa Investment Advisors LLC increased its position in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after buying an additional 1,987 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Clearwater Analytics in the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CWAN. Piper Sandler dropped their price objective on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research note on Monday. They set a "neutral" rating and a $26.00 price target for the company. UBS Group upped their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Insider Buying and Selling

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the transaction, the executive now owns 7,902 shares in the company, valued at approximately $218,490.30. This represents a 34.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total transaction of $1,328,000.00. Following the transaction, the chief executive officer now directly owns 857,798 shares of the company's stock, valued at $22,783,114.88. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,541 shares of company stock worth $4,741,824 in the last three months. Insiders own 3.31% of the company's stock.

Clearwater Analytics Stock Down 1.2%

NYSE CWAN traded down $0.28 during trading hours on Wednesday, reaching $23.38. 188,987 shares of the company's stock traded hands, compared to its average volume of 2,316,968. The firm has a market cap of $6.62 billion, a PE ratio of 14.08, a PEG ratio of 8.23 and a beta of 0.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52-week low of $17.63 and a 52-week high of $35.71. The firm has a 50-day simple moving average of $24.17 and a 200 day simple moving average of $27.29.

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

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.