California State Teachers Retirement System Raises Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

California State Teachers Retirement System boosted its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 182,839 shares of the company's stock after acquiring an additional 31,802 shares during the period. California State Teachers Retirement System owned 0.07% of Clearwater Analytics worth $5,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in shares of Clearwater Analytics in the fourth quarter valued at approximately $57,000. Aster Capital Management DIFC Ltd acquired a new position in Clearwater Analytics in the 4th quarter valued at $82,000. OFI Invest Asset Management purchased a new position in shares of Clearwater Analytics during the 4th quarter worth $88,000. Assetmark Inc. acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at $116,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other news, Director Kathleen A. Corbet sold 12,634 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $23.66, for a total transaction of $298,920.44. Following the sale, the director now owns 14,498 shares in the company, valued at $343,022.68. This trade represents a 46.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the transaction, the chief executive officer now directly owns 876,754 shares in the company, valued at approximately $20,244,249.86. The trade was a 5.40% 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 valued at $5,040,744 over the last three months. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Trading Up 2.1%

NYSE CWAN traded up $0.48 during mid-day trading on Thursday, hitting $23.60. The company's stock had a trading volume of 1,773,419 shares, compared to its average volume of 2,394,799. The firm has a market capitalization of $6.68 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 8.23 and a beta of 0.77. 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 52-week low of $17.63 and a 52-week high of $35.71. The stock's fifty day simple moving average is $23.21 and its two-hundred day simple moving average is $26.75.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued 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 business's revenue for the quarter was up 23.5% compared to the same quarter last year. Research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on CWAN. JPMorgan Chase & Co. started coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price on the stock. UBS Group upped their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. The Goldman Sachs Group initiated coverage on shares of Clearwater Analytics in a report on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price for the company. Royal Bank of Canada increased their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Piper Sandler lowered their price objective on shares of 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 equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Clearwater Analytics has a consensus rating of "Moderate Buy" and a consensus 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.