UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 164,603 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 57.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 452,466 shares of the company's stock after acquiring an additional 164,603 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Clearwater Analytics worth $12,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CWAN. Wellington Management Group LLP boosted its stake in shares of Clearwater Analytics by 98.2% in the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after buying an additional 2,950,555 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Clearwater Analytics by 66.0% in the fourth 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. Vanguard Group Inc. raised its stake in Clearwater Analytics by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock valued at $574,607,000 after buying an additional 2,455,844 shares in the last quarter. Norges Bank acquired a new stake in Clearwater Analytics during the fourth quarter valued at approximately $59,402,000. Finally, Blair William & Co. IL raised its position in shares of Clearwater Analytics by 3,835.2% during the 4th quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock worth $48,290,000 after purchasing an additional 1,710,141 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CWAN. The Goldman Sachs Group started coverage on Clearwater Analytics in a report on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price for the company. Piper Sandler lowered their price target on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley reissued 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. UBS Group raised their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada lifted their target price 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.40.

Clearwater Analytics Stock Down 1.5%

NYSE CWAN traded down $0.34 on Monday, reaching $22.76. The company had a trading volume of 1,474,730 shares, compared to its average volume of 2,383,463. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.63 and a 1-year high of $35.71. The company's fifty day moving average is $23.45 and its 200-day moving average is $26.85.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly 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 analysts' expectations of $125.11 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The company's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, 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 transaction, the director now owns 14,498 shares in the company, valued at $343,022.68. This represents a 46.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total transaction 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. The trade was a 5.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,175 shares of company stock valued at $5,040,744 in the last three months. 3.31% of the stock is currently owned by company insiders.

Clearwater Analytics Company 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.