ProShare Advisors LLC Acquires 21,688 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

ProShare Advisors LLC increased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 75.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,363 shares of the company's stock after purchasing an additional 21,688 shares during the quarter. ProShare Advisors LLC's holdings in Clearwater Analytics were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CWAN. Barclays PLC lifted its holdings in Clearwater Analytics by 105.6% in the third quarter. Barclays PLC now owns 571,860 shares of the company's stock worth $14,439,000 after buying an additional 293,719 shares during the period. Park Avenue Securities LLC purchased a new stake in Clearwater Analytics in the fourth quarter worth about $345,000. Nisa Investment Advisors LLC lifted its holdings in Clearwater Analytics by 174.1% in 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. Zweig DiMenna Associates LLC lifted its holdings in Clearwater Analytics by 35.2% in the fourth quarter. Zweig DiMenna Associates LLC now owns 264,600 shares of the company's stock worth $7,282,000 after buying an additional 68,900 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after buying an additional 521 shares during the period. 50.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CWAN. Wells Fargo & Company lowered their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. UBS Group lifted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price for the company. Morgan Stanley reiterated an "overweight" rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Finally, The Goldman Sachs Group began coverage on shares of Clearwater Analytics in a report on Monday, May 19th. They set a "neutral" rating and a $26.00 target price for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

Clearwater Analytics Stock Up 1.8%

NYSE CWAN traded up $0.41 during mid-day trading on Tuesday, reaching $22.45. The stock had a trading volume of 171,458 shares, compared to its average volume of 2,345,279. Clearwater Analytics Holdings, Inc. has a 1 year low of $17.63 and a 1 year high of $35.71. The stock has a market cap of $6.36 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. The company has a fifty day moving average price of $23.81 and a 200 day moving average price of $27.08. 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 (NYSE:CWAN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business 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 company's quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insiders Place Their Bets

In other Clearwater Analytics news, Director Kathleen A. Corbet sold 12,634 shares of the firm's 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 approximately $343,022.68. This trade represents a 46.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 4,141 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,175 shares of company stock worth $5,040,744. Company 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.