Northern Trust Corp Purchases 373,438 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Northern Trust Corp lifted its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,942,464 shares of the company's stock after acquiring an additional 373,438 shares during the quarter. Northern Trust Corp owned approximately 0.79% of Clearwater Analytics worth $53,457,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in Clearwater Analytics by 11.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 89,201 shares of the company's stock worth $2,455,000 after acquiring an additional 9,392 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Clearwater Analytics in the 4th quarter valued at about $3,546,000. Aquatic Capital Management LLC grew its position in shares of Clearwater Analytics by 109.4% during the 4th quarter. Aquatic Capital Management LLC now owns 104,501 shares of the company's stock worth $2,876,000 after buying an additional 54,601 shares during the period. Bullseye Asset Management LLC grew its position in shares of Clearwater Analytics by 1.1% during the 4th quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company's stock worth $3,087,000 after buying an additional 1,181 shares during the period. Finally, Nebula Research & Development LLC raised its stake in shares of Clearwater Analytics by 55.8% during the fourth quarter. Nebula Research & Development LLC now owns 83,398 shares of the company's stock worth $2,295,000 after buying an additional 29,861 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on CWAN shares. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They set an "overweight" rating and a $28.00 target price for the company. Piper Sandler cut their target price on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. UBS Group boosted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Royal Bank of Canada increased 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Insider Transactions at Clearwater Analytics

In other news, CTO Souvik Das sold 76,844 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,310,699.08. Following the completion of the transaction, the chief technology officer now owns 68,902 shares of the company's stock, valued at approximately $2,071,883.14. This represents a 52.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $20,244,249.86. The trade was a 5.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 644,510 shares of company stock worth $18,478,363. Company insiders own 4.60% of the company's stock.

Clearwater Analytics Trading Up 0.1 %

NYSE CWAN opened at $22.89 on Thursday. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.58 and a 52 week high of $35.71. The stock's 50 day moving average price is $25.05 and its two-hundred day moving average price is $27.46. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 8.23 and a beta of 0.79. 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 (NYSE:CWAN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $126.86 million during the quarter, compared to analysts' expectations 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 was up 23.5% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. As a group, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.

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