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

Man Group plc purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 240,177 shares of the company's stock, valued at approximately $6,610,000. Man Group plc owned 0.10% of Clearwater Analytics as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics during the fourth quarter worth approximately $57,000. R Squared Ltd bought a new stake in Clearwater Analytics during the fourth quarter worth $80,000. Aster Capital Management DIFC Ltd acquired a new position in Clearwater Analytics in the 4th quarter valued at about $82,000. Nisa Investment Advisors LLC boosted its stake 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 buying an additional 1,987 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at approximately $88,000. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

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

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

Insider Buying and Selling at Clearwater Analytics

In other news, Director Kathleen A. Corbet sold 12,634 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total value of $298,920.44. Following the completion of the sale, the director now owns 14,498 shares of the company's stock, valued at $343,022.68. This trade represents a 46.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the completion of the sale, the executive now directly owns 7,902 shares in the company, valued at $218,490.30. This trade represents a 34.39% decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 3.31% of the company's stock.

Analyst Ratings Changes

CWAN has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on Clearwater Analytics in a report on Monday, May 19th. They set a "neutral" rating and a $26.00 price target on the stock. UBS Group upped their target price on shares of 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 dropped their target price 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. Morgan Stanley restated an "overweight" rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a research note on Friday, April 25th. They set an "overweight" rating and a $28.00 price target for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics currently has an average rating of "Moderate Buy" and an average price target 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.