Nuveen Asset Management LLC Grows Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Nuveen Asset Management LLC grew its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 38.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,805,853 shares of the company's stock after buying 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 reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CWAN. Arcadia Investment Management Corp MI acquired a new stake in Clearwater Analytics in the fourth quarter valued at approximately $57,000. R Squared Ltd purchased a new position in shares of Clearwater Analytics during the fourth quarter worth $80,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Clearwater Analytics during the fourth quarter worth $82,000. Nisa Investment Advisors LLC increased 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 valued at $86,000 after buying an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Clearwater Analytics in the fourth quarter valued at $88,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Trading Down 0.8%

Shares of NYSE:CWAN traded down $0.17 during mid-day trading on Friday, hitting $22.01. The stock had a trading volume of 2,102,750 shares, compared to its average volume of 2,353,868. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $6.24 billion, a PE ratio of 13.26, a P/E/G ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a 12-month low of $17.63 and a 12-month high of $35.71. The company's 50 day moving average is $23.90 and its 200-day moving average is $27.15.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping 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 company had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. During the same quarter in the prior year, the business posted $0.10 EPS. Clearwater Analytics's quarterly revenue was up 23.5% on a year-over-year basis. On average, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CWAN. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target on the stock. UBS Group boosted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Piper Sandler lowered their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group began coverage on shares of Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and an average target price of $32.40.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction on 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 transaction, the chief executive officer now directly owns 857,798 shares of the company's stock, valued at $22,783,114.88. The trade was a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen A. Corbet sold 12,634 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total transaction of $298,920.44. Following the completion of the sale, the director now directly owns 14,498 shares in the company, valued at approximately $343,022.68. The trade was a 46.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,175 shares of company stock worth $5,040,744. 3.31% of the stock is currently owned by company insiders.

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.