Janus Henderson Group PLC Acquires 205,803 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Janus Henderson Group PLC grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,112,732 shares of the company's stock after buying an additional 205,803 shares during the period. Janus Henderson Group PLC owned 0.86% of Clearwater Analytics worth $58,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWAN. GAMMA Investing LLC raised its position in shares of Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after buying an additional 468 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Clearwater Analytics in the 4th quarter valued at about $57,000. R Squared Ltd acquired a new stake in Clearwater Analytics during the 4th quarter valued at approximately $80,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Clearwater Analytics in the fourth quarter worth $82,000. Finally, Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 1,987 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Down 1.1%

NYSE:CWAN traded down $0.27 during mid-day trading on Monday, reaching $23.56. The stock had a trading volume of 481,804 shares, compared to its average volume of 2,303,059. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The stock has a market cap of $6.67 billion, a P/E ratio of 14.18, a PEG ratio of 8.23 and a beta of 0.79. The business's 50 day moving average is $24.31 and its 200 day moving average is $27.34. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. During the same period last year, the business posted $0.10 earnings per share. The firm's revenue was up 23.5% compared to the same quarter last year. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CWAN shares. Royal Bank of Canada raised their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley reiterated an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. The Goldman Sachs Group began coverage on Clearwater Analytics in a research note on Monday. They set a "neutral" rating and a $26.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Clearwater Analytics in a report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Insiders Place Their Bets

In other news, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the transaction, the executive now directly owns 7,902 shares in the company, valued at approximately $218,490.30. This represents a 34.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $24.29, for a total transaction of $1,214,500.00. Following the transaction, the chief executive officer now owns 876,754 shares in the company, valued at approximately $21,296,354.66. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,510 shares of company stock worth $18,311,363. 3.31% of the stock is currently owned by company insiders.

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.