Deutsche Bank AG Raises Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Deutsche Bank AG lifted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 37.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,174 shares of the company's stock after purchasing an additional 125,212 shares during the quarter. Deutsche Bank AG owned 0.19% of Clearwater Analytics worth $12,609,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Clearwater Analytics by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock valued at $574,607,000 after buying an additional 2,455,844 shares during the last quarter. Alliancebernstein L.P. grew its stake in Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after buying an additional 2,931,445 shares in the last quarter. Wellington Management Group LLP grew its stake in Clearwater Analytics by 98.2% in the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after buying an additional 2,950,555 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Clearwater Analytics by 52.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock valued at $126,972,000 after buying an additional 1,585,869 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Clearwater Analytics by 9.0% during the 4th quarter. Invesco Ltd. now owns 4,253,863 shares of the company's stock valued at $117,066,000 after purchasing an additional 352,201 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Sandeep Sahai sold 218,687 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $6,575,918.09. Following the completion of the sale, the chief executive officer now directly owns 681,588 shares in the company, valued at $20,495,351.16. This represents a 24.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares of the company's stock, valued at $4,359,338.11. The trade was a 30.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock worth $18,311,363 in the last three months. Insiders own 3.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CWAN shares. Wells Fargo & Company cut their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Piper Sandler cut their target price 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. Royal Bank of Canada upped their target price 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. The Goldman Sachs Group began coverage on shares of Clearwater Analytics in a research report on Monday. They issued a "neutral" rating and a $26.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Clearwater Analytics Stock Down 1.3%

Clearwater Analytics stock traded down $0.32 on Monday, hitting $23.51. 2,496,169 shares of the stock traded hands, compared to its average volume of 2,310,894. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $6.66 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. The business's fifty day simple moving average is $24.31 and its 200 day simple moving average is $27.34. Clearwater Analytics Holdings, Inc. has a 1 year low of $17.63 and a 1 year high of $35.71.

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

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.