Two Sigma Advisers LP Takes $4.17 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Two Sigma Advisers LP acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 151,500 shares of the company's stock, valued at approximately $4,169,000. Two Sigma Advisers LP owned approximately 0.06% of Clearwater Analytics as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Clearwater Analytics by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock valued at $574,607,000 after acquiring an additional 2,455,844 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after purchasing an additional 2,931,445 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after purchasing an additional 2,950,555 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Clearwater Analytics by 52.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock worth $126,972,000 after purchasing an additional 1,585,869 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Clearwater Analytics by 9.0% in the 4th quarter. Invesco Ltd. now owns 4,253,863 shares of the company's stock worth $117,066,000 after buying an additional 352,201 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded up $0.34 during midday trading on Friday, reaching $22.57. 517,998 shares of the company traded hands, compared to its average volume of 2,363,260. The firm's fifty day moving average price is $23.54 and its two-hundred day moving average price is $26.95. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth 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 Holdings, Inc. has a 12 month low of $17.63 and a 12 month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $125.11 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The company's revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on CWAN shares. Morgan Stanley reiterated an "overweight" rating and issued a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. UBS Group upped their price objective 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 report on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price for the company. Royal Bank of Canada upped their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

Insiders Place Their Bets

In related news, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.65, for a total value of $114,498.65. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $23.66, for a total transaction of $298,920.44. Following the sale, the director now owns 14,498 shares of the company's stock, 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 204,175 shares of company stock worth $5,040,744 in the last three months. 3.31% of the stock is currently owned by corporate insiders.

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.