122,184 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 122,184 shares of the company's stock, valued at approximately $3,362,000.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC raised its position in Clearwater Analytics by 105.6% during the third quarter. Barclays PLC now owns 571,860 shares of the company's stock worth $14,439,000 after acquiring an additional 293,719 shares during the period. Park Avenue Securities LLC acquired a new stake in Clearwater Analytics in the 4th quarter worth about $345,000. Nisa Investment Advisors LLC increased its stake in Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after buying an additional 1,987 shares in the last quarter. Zweig DiMenna Associates LLC raised its holdings in shares of Clearwater Analytics by 35.2% during the fourth quarter. Zweig DiMenna Associates LLC now owns 264,600 shares of the company's stock valued at $7,282,000 after acquiring an additional 68,900 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted 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 last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CWAN has been the subject of several research reports. 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 objective for the company. Piper Sandler cut their target price on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. UBS Group upped their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. The Goldman Sachs Group started coverage on shares of Clearwater Analytics in a report on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price on the stock. Finally, 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 report on Friday, February 21st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

Insider Activity at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 4,141 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was 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 owns 7,902 shares in the company, valued at $218,490.30. The trade was a 34.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen A. Corbet sold 12,634 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $23.66, for a total transaction of $298,920.44. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 204,175 shares of company stock worth $5,040,744. Company insiders own 3.31% of the company's stock.

Clearwater Analytics Trading Down 0.4%

Shares of CWAN stock traded down $0.08 on Wednesday, hitting $22.31. The stock had a trading volume of 996,368 shares, compared to its average volume of 2,350,419. The company's 50 day moving average price is $23.73 and its 200-day moving average price is $27.04. Clearwater Analytics Holdings, Inc. has a 1 year low of $17.63 and a 1 year high of $35.71. The firm has a market capitalization of $6.32 billion, a P/E ratio of 13.44, 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 current ratio of 4.66 and a quick ratio of 4.66.

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 for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The business's quarterly revenue was up 23.5% compared to the same quarter last year. Analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.