11,453 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Bought by Woodline Partners LP

Woodline Partners LP acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,453 shares of the company's stock, valued at approximately $315,000.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Clearwater Analytics by 1,600.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock worth $39,690,000 after buying an additional 1,357,425 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Clearwater Analytics by 66.0% during 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. KLP Kapitalforvaltning AS bought a new stake in shares of Clearwater Analytics during the fourth quarter valued at approximately $1,112,000. Stephens Investment Management Group LLC grew its stake in shares of Clearwater Analytics by 189.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after purchasing an additional 830,684 shares during the last quarter. Finally, Moody Aldrich Partners LLC grew its stake in shares of Clearwater Analytics by 32.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company's stock valued at $10,634,000 after purchasing an additional 94,454 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Insiders Place Their Bets

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the 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 sale, the chief executive officer now directly owns 857,798 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Kathleen A. Corbet sold 12,634 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total transaction 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. This trade represents a 46.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,175 shares of company stock worth $5,040,744. Company insiders own 3.31% of the company's stock.

Clearwater Analytics Trading Up 3.8%

CWAN stock traded up $0.84 during midday trading on Friday, reaching $23.07. The company's stock had a trading volume of 4,119,600 shares, compared to its average volume of 2,386,860. 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 cap of $6.54 billion, a PE ratio of 13.90, 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. The business's 50-day simple moving average is $23.45 and its 200-day simple moving average is $26.85.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $125.11 million. During the same period last year, the firm earned $0.10 earnings per share. The business's revenue for the quarter was up 23.5% on a year-over-year basis. As a group, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CWAN shares. Royal Bank of Canada increased their price target 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. The Goldman Sachs Group started coverage on shares of Clearwater Analytics in a research note on Monday, May 19th. They set a "neutral" rating and a $26.00 price target on the stock. Piper Sandler decreased their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley reissued an "overweight" rating and set a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Wells Fargo & Company decreased their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

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.