Man Group plc Acquires New Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Man Group plc acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 240,177 shares of the company's stock, valued at approximately $6,610,000. Man Group plc owned about 0.10% of Clearwater Analytics as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in Clearwater Analytics in the fourth quarter valued at approximately $57,000. R Squared Ltd acquired a new position in Clearwater Analytics in the fourth quarter valued at approximately $80,000. Aster Capital Management DIFC Ltd acquired a new position in Clearwater Analytics in the fourth quarter valued at approximately $82,000. Nisa Investment Advisors LLC lifted its stake in Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after purchasing an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Clearwater Analytics during the fourth quarter worth $88,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CWAN shares. JPMorgan Chase & Co. started coverage on Clearwater Analytics in a research note on Friday, April 25th. They set an "overweight" rating and a $28.00 price target on the stock. UBS Group upped their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Piper Sandler decreased 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. Morgan Stanley restated an "overweight" rating and set a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Royal Bank of Canada upped their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Clearwater Analytics 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, CFO James S. Cox sold 18,700 shares of the firm'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 transaction, the chief financial officer now owns 358,885 shares of the company's stock, valued at approximately $8,315,365.45. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 218,687 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $6,575,918.09. Following the transaction, the chief executive officer now directly owns 681,588 shares in the company, valued at approximately $20,495,351.16. The trade was a 24.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 625,810 shares of company stock valued at $17,800,292 over the last quarter. 3.31% of the stock is owned by 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's fifty day simple moving average is $24.23 and its 200-day simple moving average is $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 firm has a market capitalization of $6.66 billion, a P/E ratio of 14.16, a P/E/G ratio of 8.23 and a beta of 0.79.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Clearwater Analytics's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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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