Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 38.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,805,853 shares of the company's stock after purchasing an additional 498,029 shares during the quarter. Nuveen Asset Management LLC owned 0.73% of Clearwater Analytics worth $49,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CWAN. Arcadia Investment Management Corp MI acquired a new position in shares of Clearwater Analytics during the 4th quarter worth about $57,000. R Squared Ltd acquired a new position in shares of Clearwater Analytics during the 4th quarter worth about $80,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Clearwater Analytics during the 4th quarter worth about $82,000. Nisa Investment Advisors LLC boosted its position in shares of Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after acquiring an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Clearwater Analytics during the 4th quarter worth about $88,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Piper Sandler lowered their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research report on Monday. They issued a "neutral" rating and a $26.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Insiders Place Their Bets

In other news, CEO Sandeep Sahai sold 218,687 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the transaction, the chief executive officer now directly owns 681,588 shares of the company's stock, valued at approximately $20,495,351.16. This represents a 24.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the transaction, the insider now directly owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. This trade represents a 30.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 625,810 shares of company stock valued at $17,800,292. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Stock Down 1.3%

Clearwater Analytics stock opened at $23.51 on Tuesday. Clearwater Analytics Holdings, Inc. has a twelve month low of $17.63 and a twelve month high of $35.71. The stock has a 50 day moving average of $24.23 and a two-hundred day moving average of $27.32. 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 $6.66 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 8.23 and a beta of 0.79.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. During the same period 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. As a group, research 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.

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