Gotham Asset Management LLC Takes $2.60 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Gotham Asset Management LLC purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 94,403 shares of the company's stock, valued at approximately $2,598,000.

Other large investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $57,000. R Squared Ltd acquired a new stake in Clearwater Analytics in the 4th quarter worth about $80,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Clearwater Analytics in the fourth quarter worth approximately $82,000. Nisa Investment Advisors LLC grew its holdings in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after buying an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Clearwater Analytics during the 4th quarter valued at about $88,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

Shares of CWAN stock traded down $0.25 during trading hours on Wednesday, hitting $23.41. The stock had a trading volume of 188,987 shares, compared to its average volume of 2,316,968. The stock's 50 day moving average is $24.17 and its 200 day moving average is $27.29. The firm has a market capitalization of $6.63 billion, a PE ratio of 14.08, a PEG ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a twelve month low of $17.63 and a twelve month high of $35.71. 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 issued 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 business had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. During the same period in the previous year, the business posted $0.10 earnings per share. The business's revenue was up 23.5% compared to the same quarter last year. As a group, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CWAN shares. The Goldman Sachs Group began coverage on shares of Clearwater Analytics in a research report on Monday. They set a "neutral" rating and a $26.00 price objective for the company. Piper Sandler dropped their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Morgan Stanley restated an "overweight" rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada upped their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,141 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the transaction, the executive now owns 7,902 shares of the company's stock, valued at $218,490.30. This represents a 34.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.58, for a total value of $497,046.00. Following the completion of the sale, the chief financial officer now directly owns 358,502 shares in the company, valued at approximately $9,528,983.16. The trade was a 4.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 191,541 shares of company stock valued at $4,741,824 in the last quarter. 3.31% of the stock is currently owned by corporate insiders.

About Clearwater Analytics

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.