Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 311,772 shares of the company's stock, valued at approximately $8,580,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Clearwater Analytics as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Clearwater Analytics by 98.2% during the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after purchasing an additional 2,950,555 shares in the last quarter. Alliancebernstein L.P. raised its stake in Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after acquiring an additional 2,931,445 shares in the last quarter. Vanguard Group Inc. lifted its position in Clearwater Analytics by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock valued at $574,607,000 after acquiring an additional 2,455,844 shares during the last quarter. Norges Bank purchased a new stake in Clearwater Analytics in the fourth quarter valued at $59,402,000. Finally, Blair William & Co. IL boosted its stake in Clearwater Analytics by 3,835.2% in the fourth quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock valued at $48,290,000 after acquiring an additional 1,710,141 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CWAN shares. The Goldman Sachs Group initiated coverage on Clearwater Analytics in a report on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price for the company. Piper Sandler reduced 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. Wells Fargo & Company lowered their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report 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 report on Thursday, February 20th. Finally, UBS Group raised their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Clearwater Analytics Stock Performance

Shares of CWAN stock traded up $0.17 during mid-day trading on Wednesday, hitting $23.04. The stock had a trading volume of 566,293 shares, compared to its average volume of 2,386,291. The firm has a market cap of $6.53 billion, a PE ratio of 13.88, a PEG ratio of 8.23 and a beta of 0.79. The company's 50-day simple moving average is $23.27 and its 200-day simple moving average is $26.77. 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 fifty-two week low of $17.63 and a fifty-two 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 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $125.11 million. During the same period in the prior year, the company posted $0.10 earnings per share. The firm's revenue for the quarter was up 23.5% on a year-over-year basis. Sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Buying and Selling

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics 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 completion of the transaction, the executive now owns 7,902 shares in the company, valued at approximately $218,490.30. The trade was a 34.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the 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 completion of the sale, the chief executive officer now owns 857,798 shares in the company, valued at $22,783,114.88. This represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,175 shares of company stock valued at $5,040,744. Corporate insiders own 3.31% of the company's stock.

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.