Lazard Asset Management LLC Raises Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Lazard Asset Management LLC raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 45.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,829 shares of the company's stock after purchasing an additional 20,894 shares during the quarter. Lazard Asset Management LLC's holdings in Clearwater Analytics were worth $1,839,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock worth $469,000 after acquiring an additional 502 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of 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 acquiring an additional 521 shares during the period. Summit Creek Advisors LLC lifted its stake in shares of Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock worth $7,844,000 after acquiring an additional 833 shares during the period. Bullseye Asset Management LLC lifted its stake in shares of Clearwater Analytics by 1.1% in the fourth quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company's stock worth $3,087,000 after acquiring an additional 1,181 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of Clearwater Analytics by 5.8% in the fourth quarter. Truist Financial Corp now owns 21,915 shares of the company's stock worth $603,000 after acquiring an additional 1,209 shares during the period. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other news, Director Kathleen A. Corbet sold 12,634 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total transaction of $298,920.44. Following the transaction, the director now owns 14,498 shares of the company's stock, valued at $343,022.68. This represents a 46.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 857,798 shares in the company, 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 204,175 shares of company stock worth $5,040,744 in the last quarter. 3.31% of the stock is currently owned by company insiders.

Clearwater Analytics Stock Down 0.8%

Clearwater Analytics stock traded down $0.17 during trading on Friday, hitting $22.01. 2,102,750 shares of the company were exchanged, compared to its average volume of 2,347,410. The company has a market capitalization of $6.24 billion, a P/E ratio of 13.26, a PEG ratio of 8.23 and a beta of 0.79. 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 business's 50 day moving average is $23.90 and its 200 day moving average is $27.20. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.63 and a 52 week high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 prior year, the company earned $0.10 EPS. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

CWAN has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley reissued an "overweight" rating and issued a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. JPMorgan Chase & Co. started coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target on the stock. Piper Sandler dropped their price target 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. Finally, The Goldman Sachs Group started coverage on Clearwater Analytics in a research note on Monday. They issued a "neutral" rating and a $26.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics has a consensus rating of "Moderate Buy" and an average target price of $32.40.

About Clearwater Analytics

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.