Jane Street Group LLC Sells 66,605 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Jane Street Group LLC cut its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 61.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,550 shares of the company's stock after selling 66,605 shares during the quarter. Jane Street Group LLC's holdings in Clearwater Analytics were worth $1,143,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $57,000. R Squared Ltd bought a new position in Clearwater Analytics during the fourth quarter worth about $80,000. Aster Capital Management DIFC Ltd bought a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $82,000. Nisa Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Clearwater Analytics in the 4th quarter valued at about $88,000. 50.10% of the stock is owned by institutional investors.

Insider Activity at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total transaction of $433,279.00. Following the sale, the chief financial officer now directly owns 358,885 shares in the company, valued at approximately $8,315,365.45. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 857,798 shares of the company's stock, valued at $22,783,114.88. This represents a 5.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,175 shares of company stock valued at $5,040,744 in the last quarter. Insiders own 3.31% of the company's stock.

Clearwater Analytics Trading Down 5.3%

Shares of CWAN opened at $22.41 on Thursday. 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 52-week low of $17.63 and a 52-week high of $35.71. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 8.23 and a beta of 0.79. The business's fifty day moving average is $24.08 and its 200-day moving average is $27.26.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (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 analysts' expectations of $125.11 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. Equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CWAN. Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. The Goldman Sachs Group initiated coverage on Clearwater Analytics in a research note on Monday. They issued a "neutral" rating and a $26.00 price target for the company. Piper Sandler lowered their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. UBS Group lifted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. started coverage on Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.

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