State of Wyoming Purchases 14,487 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

State of Wyoming lifted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 35.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,158 shares of the company's stock after purchasing an additional 14,487 shares during the period. State of Wyoming's holdings in Clearwater Analytics were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $57,000. R Squared Ltd acquired a new stake in Clearwater Analytics during the fourth quarter worth approximately $80,000. Aster Capital Management DIFC Ltd bought a new position in Clearwater Analytics during the 4th quarter worth $82,000. Nisa Investment Advisors LLC raised its holdings in Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after acquiring an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Clearwater Analytics in the 4th quarter valued at $88,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price for the company. UBS Group increased their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.40.

Insider Activity

In other news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the completion of the transaction, the chief financial officer now directly owns 358,502 shares in the company, valued at $9,528,983.16. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen A. Corbet sold 12,634 shares of Clearwater Analytics 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 completion of the transaction, the director now directly owns 14,498 shares in the company, valued at approximately $343,022.68. This represents a 46.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,175 shares of company stock valued at $5,040,744 over the last quarter. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Price Performance

Clearwater Analytics stock traded up $0.06 during mid-day trading on Friday, reaching $22.24. The company had a trading volume of 670,093 shares, compared to its average volume of 2,335,698. The business has a fifty day simple moving average of $23.99 and a 200 day simple moving average of $27.23. The company has a market cap of $6.30 billion, a P/E ratio of 13.40, a P/E/G ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $17.63 and a fifty-two week high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The business 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 quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities research analysts predict 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.