Ensign Peak Advisors Inc Increases Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Ensign Peak Advisors Inc raised its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 36.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,880 shares of the company's stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CWAN. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics during the fourth quarter valued at approximately $57,000. R Squared Ltd acquired a new stake in shares of Clearwater Analytics in the 4th quarter worth $80,000. Aster Capital Management DIFC Ltd purchased a new position in Clearwater Analytics during the 4th quarter worth $82,000. Nisa Investment Advisors LLC grew its stake in Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after buying an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Clearwater Analytics during the 4th quarter valued at about $88,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

Shares of CWAN stock traded down $0.09 on Thursday, hitting $22.35. The company had a trading volume of 506,579 shares, compared to its average volume of 2,326,856. Clearwater Analytics Holdings, Inc. has a twelve month low of $17.63 and a twelve month 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. The firm has a market cap of $6.33 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. The company has a 50-day moving average price of $24.08 and a 200-day moving average price of $27.26.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted 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. The firm had revenue of $126.86 million during 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%. The business's revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. As a group, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $24.29, for a total value of $1,214,500.00. Following the sale, the chief executive officer now directly owns 876,754 shares in the company, valued at approximately $21,296,354.66. The trade was a 5.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kathleen A. Corbet sold 12,634 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total transaction of $298,920.44. Following the transaction, the director now owns 14,498 shares in the company, valued at $343,022.68. The trade was a 46.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,175 shares of company stock worth $5,040,744 in the last ninety days. Company insiders own 3.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group raised their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada upped their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley reiterated an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. started coverage on Clearwater Analytics in a report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $32.40.

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.