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

Occudo Quantitative Strategies LP bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 51,161 shares of the company's stock, valued at approximately $1,408,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after purchasing an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Clearwater Analytics during the fourth quarter valued at approximately $57,000. R Squared Ltd acquired a new position in shares of Clearwater Analytics during the fourth quarter worth approximately $80,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Clearwater Analytics during the fourth quarter worth approximately $82,000. Finally, Nisa Investment Advisors LLC lifted its position in Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after purchasing an additional 1,987 shares during the period. Institutional investors and hedge funds own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $24.29, for a total value of $1,214,500.00. Following the completion of the transaction, the chief executive officer now owns 876,754 shares of the company's stock, valued at $21,296,354.66. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the transaction, the insider now directly owns 144,973 shares of the company's stock, valued at $4,359,338.11. This trade represents a 30.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 644,510 shares of company stock worth $18,311,363 over the last ninety days. Company insiders own 3.31% of the company's stock.

Clearwater Analytics Stock Down 0.9%

Shares of CWAN stock traded down $0.21 during trading on Friday, hitting $23.81. 4,057,224 shares of the company were exchanged, compared to its average volume of 2,310,150. 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 firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 8.23 and a beta of 0.79. The business's 50-day simple moving average is $24.31 and its 200 day simple moving average is $27.33. Clearwater Analytics Holdings, Inc. has a twelve month low of $17.63 and a twelve month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Clearwater Analytics's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

CWAN has been the subject of a number of research analyst reports. Piper Sandler cut their target price on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company cut their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group upped 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. JPMorgan Chase & Co. assumed 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, Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.00.

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.