Twinbeech Capital LP Takes $311,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Twinbeech Capital LP acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,311 shares of the company's stock, valued at approximately $311,000.

Several other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in Clearwater Analytics by 1,600.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock valued at $39,690,000 after acquiring an additional 1,357,425 shares during the last quarter. Alliancebernstein L.P. grew its position in Clearwater Analytics by 66.0% during the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after acquiring an additional 2,931,445 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Clearwater Analytics during the fourth quarter valued at approximately $1,112,000. Stephens Investment Management Group LLC grew its position in Clearwater Analytics by 189.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after acquiring an additional 830,684 shares during the last quarter. Finally, Moody Aldrich Partners LLC grew its position in Clearwater Analytics by 32.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company's stock valued at $10,634,000 after acquiring an additional 94,454 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded down $0.16 during mid-day trading on Wednesday, reaching $22.23. 649,852 shares of the company traded hands, compared to its average volume of 2,348,983. The company's 50 day moving average price is $23.73 and its 200-day moving average price is $27.04. The firm has a market cap of $6.30 billion, a PE ratio of 13.39, 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.

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, topping analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.86 million for the quarter, compared to analysts' expectations of $125.11 million. During the same period in the previous year, the firm earned $0.10 EPS. The firm's revenue was up 23.5% compared to the same quarter last year. On average, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CWAN. UBS Group increased their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Royal Bank of Canada increased their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price objective 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. Morgan Stanley reissued an "overweight" rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Piper Sandler dropped their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction on 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 owns 7,902 shares of the company's stock, valued at $218,490.30. This represents a 34.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kathleen A. Corbet sold 12,634 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total value of $298,920.44. Following the completion of the sale, the director now owns 14,498 shares of the company's stock, valued at $343,022.68. This represents a 46.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,175 shares of company stock valued at $5,040,744. 3.31% of the stock is currently owned by insiders.

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.