MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,821 shares of the company's stock after buying an additional 18,751 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Clearwater Analytics were worth $2,802,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CWAN shares. Piper Sandler decreased their target price 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. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 price objective on the stock. 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 objective on the stock. Wells Fargo & Company lowered their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. 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 report on Thursday, February 20th. One 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 currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Insider Activity at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 4,141 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the completion of the sale, the executive now directly owns 7,902 shares of the company's stock, valued at approximately $218,490.30. The trade was a 34.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen A. Corbet sold 12,634 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 14,498 shares in the company, valued at $343,022.68. This represents a 46.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,175 shares of company stock valued at $5,040,744 in the last ninety days. Insiders own 3.31% of the company's stock.

Clearwater Analytics Stock Down 0.8%

Shares of NYSE:CWAN traded down $0.17 on Monday, hitting $22.01. 2,102,750 shares of the company's stock were exchanged, compared to its average volume of 2,353,868. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.63 and a 1-year high of $35.71. The company has a market capitalization of $6.24 billion, a PE ratio of 13.26, a P/E/G ratio of 8.23 and a beta of 0.79. 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 firm's 50-day moving average is $23.81 and its 200 day moving average is $27.08.

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, beating 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 period in the prior year, the firm posted $0.10 earnings per share. The firm's revenue was up 23.5% on a year-over-year basis. Sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Clearwater Analytics Company 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.