Trexquant Investment LP Buys 139,836 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Trexquant Investment LP lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 177.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 218,729 shares of the company's stock after acquiring an additional 139,836 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of Clearwater Analytics worth $4,381,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Clearwater Analytics by 13.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,450,888 shares of the company's stock valued at $182,780,000 after buying an additional 1,148,338 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of Clearwater Analytics by 0.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 6,426,367 shares of the company's stock worth $128,720,000 after buying an additional 49,805 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Clearwater Analytics by 0.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,933,075 shares of the company's stock worth $114,746,000 after buying an additional 30,771 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Clearwater Analytics by 65.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,387,928 shares of the company's stock worth $67,860,000 after buying an additional 1,335,802 shares during the period. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Clearwater Analytics by 118.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,751,540 shares of the company's stock worth $35,083,000 after buying an additional 949,290 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $16.90, for a total value of $274,625,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $16.90, for a total transaction of $274,625,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Subi Sethi sold 18,599 shares of Clearwater Analytics stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $19.46, for a total transaction of $361,936.54. Following the sale, the insider now owns 77,519 shares of the company's stock, valued at approximately $1,508,519.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,268,600 shares of company stock worth $274,986,956. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CWAN has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and set a $19.00 price objective on shares of Clearwater Analytics in a report on Thursday, May 2nd. Piper Sandler reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Clearwater Analytics in a report on Thursday, February 29th. JPMorgan Chase & Co. reduced their price target on shares of Clearwater Analytics from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, May 2nd. Wells Fargo & Company reduced their price target on shares of Clearwater Analytics from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, May 2nd. Finally, DA Davidson reissued a "buy" rating and issued a $24.00 price target on shares of Clearwater Analytics in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Clearwater Analytics has a consensus rating of "Moderate Buy" and an average target price of $21.70.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock traded down $0.02 during mid-day trading on Thursday, reaching $19.06. 805,971 shares of the stock were exchanged, compared to its average volume of 1,186,715. The company has a market cap of $4.68 billion, a price-to-earnings ratio of -238.25, a price-to-earnings-growth ratio of 7.44 and a beta of 0.50. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $17.27 and a 200 day simple moving average of $18.67. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $21.89.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $102.70 million during the quarter, compared to analysts' expectations of $100.55 million. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.25%. The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. On average, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current fiscal 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.