Graham Capital Management L.P. Makes New $414,000 Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Graham Capital Management L.P. acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,050 shares of the company's stock, valued at approximately $414,000.

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

Clearwater Analytics Stock Down 5.6%

Shares of NYSE CWAN traded down $1.34 during trading on Wednesday, hitting $22.33. 1,658,091 shares of the company traded hands, compared to its average volume of 2,774,355. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 8.23 and a beta of 0.79. The business's fifty day moving average is $24.17 and its 200 day moving average is $27.29. 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 fifty-two week low of $17.63 and a fifty-two week high of $35.71.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. 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. Royal Bank of Canada upped their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Piper Sandler decreased their price target on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. UBS Group lifted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company 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, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the transaction, the chief financial officer now owns 358,502 shares in the company, valued at approximately $9,528,983.16. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the completion of the transaction, the chief executive officer now directly owns 876,754 shares in the company, valued at $20,244,249.86. This trade represents a 5.40% 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 over the last ninety days. 3.31% of the stock is owned by company insiders.

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.