XTX Topco Ltd Makes New $2.63 Million Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Key Points

• XTX Topco Ltd has acquired a new position in Clearwater Analytics Holdings, purchasing 97,939 shares valued at approximately $2.625 million.
• Several institutional investors made changes to their positions in Clearwater Analytics, with 50.10% of the stock now owned by institutional shareholders.
• Analysts have mixed ratings on Clearwater Analytics, with a consensus target price of $31.90 and most ratings suggesting a buy or overweight stance.

XTX Topco Ltd purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,939 shares of the company's stock, valued at approximately $2,625,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Clearwater Analytics by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after purchasing an additional 2,455,844 shares during the last quarter. Alliancebernstein L.P. raised its position in Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after purchasing an additional 2,931,445 shares during the last quarter. Wellington Management Group LLP raised its position in Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after purchasing an additional 2,950,555 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 last quarter. Finally, Invesco Ltd. raised its position in Clearwater Analytics by 9.0% during the 4th quarter. Invesco Ltd. now owns 4,253,863 shares of the company's stock worth $117,066,000 after purchasing an additional 352,201 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded down $0.01 during midday trading on Friday, hitting $20.25. The company had a trading volume of 3,582,289 shares, compared to its average volume of 3,169,325. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.09 and a quick ratio of 5.09. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 4.17 and a beta of 0.74. Clearwater Analytics Holdings, Inc. has a 12-month low of $19.93 and a 12-month high of $35.71. The company has a fifty day moving average of $22.16 and a two-hundred day moving average of $24.75.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $126.86 million during the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a net margin of 90.18% and a return on equity of 5.22%. Clearwater Analytics's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CWAN has been the subject of several analyst reports. Oppenheimer lowered their target price on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Wednesday, June 11th. Piper Sandler set a $27.00 price target on Clearwater Analytics and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Wells Fargo & Company decreased their price target on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a report on Monday, May 19th. They set a "neutral" rating and a $26.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and an average price target of $31.90.

Insider Activity at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $22.15, for a total value of $1,107,500.00. Following the completion of the transaction, the chief executive officer owned 895,663 shares of the company's stock, valued at approximately $19,838,935.45. This trade represents a 5.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen A. Corbet sold 12,634 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $23.66, for a total transaction of $298,920.44. Following the completion of the transaction, the director directly owned 14,498 shares of the company's stock, valued at approximately $343,022.68. The trade was a 46.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 258,107 shares of company stock worth $5,844,208 over the last 90 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.