Occudo Quantitative Strategies LP Purchases New Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Occudo Quantitative Strategies LP bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,161 shares of the company's stock, valued at approximately $1,408,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Clearwater Analytics by 98.2% during the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after purchasing an additional 2,950,555 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after buying an additional 2,931,445 shares during the last quarter. Vanguard Group Inc. raised its stake in Clearwater Analytics by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after acquiring an additional 2,455,844 shares in the last quarter. Norges Bank acquired a new stake in Clearwater Analytics during the 4th quarter worth $59,402,000. Finally, Blair William & Co. IL lifted its position in Clearwater Analytics by 3,835.2% in the fourth quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock valued at $48,290,000 after acquiring an additional 1,710,141 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $6,575,918.09. Following the sale, the chief executive officer now directly owns 681,588 shares of the company's stock, valued at approximately $20,495,351.16. This trade represents a 24.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of the sale, the chief financial officer now owns 274,857 shares of the company's stock, valued at approximately $7,511,841.81. The trade was a 6.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 644,510 shares of company stock worth $18,311,363 in the last ninety days. Insiders own 3.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group upped their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Morgan Stanley reissued an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective on the stock. Finally, Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note 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.com, the company has an average rating of "Moderate Buy" and an average target price of $32.00.

Clearwater Analytics Price Performance

CWAN stock traded down $0.21 during trading on Friday, reaching $23.81. 4,057,224 shares of the company were exchanged, compared to its average volume of 2,303,414. The company has a market cap of $6.74 billion, a P/E ratio of 14.34, 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. The stock's 50 day moving average price is $24.31 and its 200 day moving average price is $27.33. Clearwater Analytics Holdings, Inc. has a 52-week low of $17.63 and a 52-week high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping 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 company had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. During the same period in the previous year, the business earned $0.10 earnings per share. Clearwater Analytics's quarterly revenue was up 23.5% compared to the same quarter last year. As a group, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

About Clearwater Analytics

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.