Squarepoint Ops LLC Buys 23,007 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Squarepoint Ops LLC boosted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 64.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,807 shares of the company's stock after acquiring an additional 23,007 shares during the quarter. Squarepoint Ops LLC's holdings in Clearwater Analytics were worth $1,618,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in Clearwater Analytics during the 4th quarter worth about $57,000. R Squared Ltd bought a new stake in Clearwater Analytics during the 4th quarter worth about $80,000. Aster Capital Management DIFC Ltd bought a new stake in Clearwater Analytics during the 4th quarter worth about $82,000. Nisa Investment Advisors LLC grew its holdings 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 acquiring an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Clearwater Analytics during the 4th quarter worth about $88,000. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Trading Up 0.3%

Clearwater Analytics stock traded up $0.07 during midday trading on Tuesday, hitting $22.89. 2,029,054 shares of the stock were exchanged, compared to its average volume of 2,393,459. The company has a fifty day simple moving average of $23.27 and a two-hundred day simple moving average of $26.77. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.63 and a 52 week high of $35.71. The stock has a market capitalization of $6.48 billion, a PE ratio of 13.79, a P/E/G ratio of 8.23 and a beta of 0.79. 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 (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business's quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Activity

In related news, CEO Sandeep Sahai sold 50,000 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 857,798 shares of the company's stock, valued at approximately $22,783,114.88. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Scott Stanley Erickson sold 4,141 shares of the firm'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 transaction, the executive now directly owns 7,902 shares of the company's stock, valued at $218,490.30. This represents a 34.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,175 shares of company stock worth $5,040,744 over the last ninety days. Insiders own 3.31% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CWAN. The Goldman Sachs Group began coverage on shares of Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 target price on the stock. Wells Fargo & Company cut their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley restated an "overweight" rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price on the stock. Finally, UBS Group upped their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

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.