Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP raised its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 1,881.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 429,139 shares of the company's stock after purchasing an additional 407,485 shares during the period. Two Sigma Investments LP owned 0.17% of Clearwater Analytics worth $11,810,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics during the fourth quarter worth approximately $57,000. R Squared Ltd purchased a new stake in Clearwater Analytics during the fourth quarter worth approximately $80,000. Aster Capital Management DIFC Ltd purchased a new stake in Clearwater Analytics during the fourth quarter worth approximately $82,000. Nisa Investment Advisors LLC grew its stake in Clearwater Analytics by 174.1% during the fourth 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 period. Finally, OFI Invest Asset Management purchased a new stake in Clearwater Analytics during the fourth quarter worth approximately $88,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Insiders Place Their Bets

In related 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 value of $114,498.65. Following the sale, the executive now directly owns 7,902 shares in the company, valued at $218,490.30. This trade represents a 34.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction dated 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 approximately $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 three months, insiders have sold 204,175 shares of company stock valued at $5,040,744. Company insiders own 3.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CWAN shares. Royal Bank of Canada boosted their price objective 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. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price for the company. Morgan Stanley restated an "overweight" rating and issued a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Wells Fargo & Company decreased 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. Finally, UBS Group upped their target price 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. One 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Clearwater Analytics Stock Up 0.5%

NYSE CWAN traded up $0.12 during trading hours on Thursday, reaching $22.12. 402,489 shares of the company traded hands, compared to its average volume of 2,355,289. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.63 and a 12 month high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $6.27 billion, a PE ratio of 13.34, a PEG ratio of 8.23 and a beta of 0.79. The company has a 50 day moving average of $23.64 and a two-hundred day moving average of $27.01.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm's revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.