Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by State of Wyoming

State of Wyoming lifted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its holdings in Clearwater Analytics by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock worth $469,000 after buying an additional 502 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after purchasing an additional 521 shares during the period. Summit Creek Advisors LLC lifted its stake in shares of Clearwater Analytics by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock valued at $7,844,000 after purchasing an additional 833 shares during the period. Bullseye Asset Management LLC lifted its stake in shares of Clearwater Analytics by 1.1% in the 4th quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company's stock valued at $3,087,000 after purchasing an additional 1,181 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of Clearwater Analytics by 5.8% in the 4th quarter. Truist Financial Corp now owns 21,915 shares of the company's stock valued at $603,000 after purchasing an additional 1,209 shares during the period. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN traded down $1.25 during trading on Wednesday, hitting $22.41. 3,239,480 shares of the company's stock were exchanged, compared to its average volume of 2,334,026. The business's 50-day simple moving average is $24.08 and its 200 day simple moving average is $27.26. Clearwater Analytics Holdings, Inc. has a 52-week low of $17.63 and a 52-week high of $35.71. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 13.50, a PEG 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 results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.86 million during the quarter, compared to analyst estimates of $125.11 million. During the same period in the prior year, the company earned $0.10 earnings per share. The firm's revenue was up 23.5% on a year-over-year basis. As a group, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CWAN shares. 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. UBS Group raised their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research note on Monday. They issued a "neutral" rating and a $26.00 target price for the company. Piper Sandler reduced their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Clearwater Analytics currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 4,141 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the sale, the executive now directly owns 7,902 shares in the company, valued at approximately $218,490.30. This represents a 34.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 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 in the company, valued at approximately $343,022.68. The trade was a 46.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 204,175 shares of company stock worth $5,040,744 over the last ninety days. Company insiders own 3.31% of the company's stock.

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.