Ensign Peak Advisors Inc Grows Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Ensign Peak Advisors Inc boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,880 shares of the company's stock after purchasing an additional 13,580 shares during the quarter. Ensign Peak Advisors Inc's holdings in Clearwater Analytics were worth $1,400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FORA Capital LLC lifted its stake in shares of Clearwater Analytics by 28.7% in the fourth quarter. FORA Capital LLC now owns 53,853 shares of the company's stock worth $1,482,000 after buying an additional 12,024 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of Clearwater Analytics by 16.9% during the 4th quarter. Fred Alger Management LLC now owns 2,469,228 shares of the company's stock worth $67,953,000 after acquiring an additional 357,086 shares during the last quarter. Deutsche Bank AG grew its holdings in Clearwater Analytics by 37.6% during the fourth quarter. Deutsche Bank AG now owns 458,174 shares of the company's stock valued at $12,609,000 after purchasing an additional 125,212 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Clearwater Analytics by 369.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,481,582 shares of the company's stock worth $40,773,000 after acquiring an additional 1,166,139 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Clearwater Analytics by 13.8% in the fourth quarter. Driehaus Capital Management LLC now owns 2,214,452 shares of the company's stock worth $60,942,000 after purchasing an additional 268,601 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Wall Street Analyst Weigh In

CWAN has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler decreased their target price on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley restated an "overweight" rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. The Goldman Sachs Group assumed coverage on shares of Clearwater Analytics in a report on Monday. They issued a "neutral" rating and a $26.00 target price on the stock. Finally, UBS Group increased their price target 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. One 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 company presently has an average rating of "Moderate Buy" and an average target price of $32.40.

Insider Activity

In related news, CEO Sandeep Sahai sold 218,687 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the transaction, the chief executive officer now directly owns 681,588 shares in the company, valued at $20,495,351.16. The trade was a 24.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Subi Sethi sold 62,482 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the transaction, the insider now directly owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. This represents a 30.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 625,810 shares of company stock worth $17,800,292. 3.31% of the stock is currently owned by company insiders.

Clearwater Analytics Trading Up 0.6%

Shares of NYSE:CWAN traded up $0.14 during trading on Tuesday, reaching $23.66. 4,348,431 shares of the company were exchanged, compared to its average volume of 2,319,007. Clearwater Analytics Holdings, Inc. has a 12-month low of $17.63 and a 12-month high of $35.71. The firm has a market capitalization of $6.70 billion, a PE ratio of 14.25, a P/E/G ratio of 8.23 and a beta of 0.79. The business's fifty day simple moving average is $24.23 and its 200-day simple moving average is $27.32. 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 (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. During the same quarter last year, the firm posted $0.10 EPS. The company's revenue for the quarter was up 23.5% on a year-over-year basis. On average, research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current 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.