Cim LLC Has $1.67 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Cim LLC lifted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 556.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,748 shares of the company's stock after purchasing an additional 51,489 shares during the period. Cim LLC's holdings in Clearwater Analytics were worth $1,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Clearwater Analytics by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock valued at $574,607,000 after purchasing an additional 2,455,844 shares during the period. Alliancebernstein L.P. raised its stake in shares of Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after purchasing an additional 2,931,445 shares during the period. Wellington Management Group LLP raised its stake in shares of Clearwater Analytics by 98.2% in the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after purchasing an additional 2,950,555 shares during the period. JPMorgan Chase & Co. increased its position in shares of Clearwater Analytics by 52.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock valued at $126,972,000 after acquiring an additional 1,585,869 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Clearwater Analytics by 9.0% in the fourth quarter. Invesco Ltd. now owns 4,253,863 shares of the company's stock valued at $117,066,000 after acquiring an additional 352,201 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded up $0.84 during mid-day trading on Friday, reaching $23.07. The company's stock had a trading volume of 4,119,600 shares, compared to its average volume of 2,383,993. The stock has a 50-day moving average of $23.45 and a two-hundred day moving average of $26.90. The stock has a market capitalization of $6.54 billion, a P/E ratio of 13.90, a P/E/G ratio of 8.23 and a beta of 0.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.63 and a 1-year high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, beating 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 the consensus estimate of $125.11 million. During the same quarter last year, the firm earned $0.10 EPS. The firm's revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.65, for a total value of $114,498.65. Following the completion of the transaction, the executive now owns 7,902 shares of the company's stock, valued at $218,490.30. The trade was a 34.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total value 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. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 204,175 shares of company stock valued at $5,040,744. 3.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

CWAN has been the topic of several research reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Royal Bank of Canada boosted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target for the company. Piper Sandler cut their target price 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. Finally, Wells Fargo & Company decreased their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Clearwater Analytics presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Clearwater Analytics 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.