MetLife Investment Management LLC Purchases 21,096 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

MetLife Investment Management LLC increased its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,522 shares of the company's stock after purchasing an additional 21,096 shares during the quarter. MetLife Investment Management LLC's holdings in Clearwater Analytics were worth $2,959,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Natixis purchased a new stake in Clearwater Analytics during the 4th quarter worth $8,244,000. Dimensional Fund Advisors LP boosted its holdings in Clearwater Analytics by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 108,235 shares of the company's stock worth $2,979,000 after acquiring an additional 3,300 shares during the period. Curi RMB Capital LLC acquired a new stake in Clearwater Analytics in the fourth quarter valued at approximately $5,905,000. First Trust Advisors LP raised its stake in shares of Clearwater Analytics by 363.2% during the fourth quarter. First Trust Advisors LP now owns 267,533 shares of the company's stock valued at $7,363,000 after purchasing an additional 209,776 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Clearwater Analytics by 4,700.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 264,000 shares of the company's stock worth $7,265,000 after purchasing an additional 258,500 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at $17,016,073.65. This represents a 7.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Subi Sethi sold 62,482 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares of the company's stock, valued at $4,359,338.11. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 644,510 shares of company stock valued at $18,478,363 in the last quarter. Company insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

CWAN has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Wells Fargo & Company reduced their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price for the company. Piper Sandler dropped their price target on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada raised their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Clearwater Analytics has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Clearwater Analytics Trading Up 0.3 %

Shares of CWAN traded up $0.07 during midday trading on Friday, hitting $22.98. The stock had a trading volume of 1,008,974 shares, compared to its average volume of 2,215,969. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $35.71. The business has a 50-day simple moving average of $25.65 and a two-hundred day simple moving average of $27.56. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.77 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76.

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 for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Clearwater Analytics's revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, equities 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.