Gotham Asset Management LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Gotham Asset Management LLC acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 94,403 shares of the company's stock, valued at approximately $2,598,000.

A number of other large investors also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its stake in Clearwater Analytics by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after buying an additional 502 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after buying an additional 521 shares during the last quarter. Summit Creek Advisors LLC grew its holdings in shares of Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock valued at $7,844,000 after acquiring an additional 833 shares in the last quarter. Bullseye Asset Management LLC increased its position in shares of Clearwater Analytics by 1.1% during the fourth quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company's stock valued at $3,087,000 after acquiring an additional 1,181 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Clearwater Analytics by 5.8% during the fourth quarter. Truist Financial Corp now owns 21,915 shares of the company's stock valued at $603,000 after acquiring an additional 1,209 shares during the last quarter. Institutional investors own 50.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Piper Sandler reduced their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 price target for the company. UBS Group raised their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. 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. Finally, Royal Bank of Canada raised their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Clearwater Analytics has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total transaction of $433,279.00. Following the completion of the sale, the chief financial officer now owns 358,885 shares of the company's stock, valued at $8,315,365.45. The trade was a 4.95% decrease in their ownership of the stock. 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 business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $23.09, for a total value of $1,154,500.00. Following the completion of the sale, the chief executive officer now owns 876,754 shares of the company's stock, valued at $20,244,249.86. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock worth $18,311,363 in the last quarter. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Stock Performance

CWAN traded down $0.32 on Monday, hitting $23.51. The company's stock had a trading volume of 2,496,169 shares, compared to its average volume of 2,310,894. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.63 and a 12 month high of $35.71. The firm has a market cap of $6.66 billion, a P/E ratio of 14.16, 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 company's 50 day simple moving average is $24.31 and its 200-day simple moving average is $27.34.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $126.86 million during the quarter, compared to analyst estimates of $125.11 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

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.