102,862 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Bought by PDT Partners LLC

PDT Partners LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 102,862 shares of the company's stock, valued at approximately $2,831,000.

A number of other hedge funds also recently made changes to their positions in CWAN. GAMMA Investing LLC boosted its stake in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after buying an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics in the 4th quarter worth about $57,000. R Squared Ltd acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $80,000. Aster Capital Management DIFC Ltd bought a new position in Clearwater Analytics during the 4th quarter valued at about $82,000. Finally, Nisa Investment Advisors LLC boosted 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 valued at $86,000 after buying an additional 1,987 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.33, for a total value of $511,071.00. Following the completion of the sale, the chief financial officer now directly owns 274,857 shares in the company, valued at $7,511,841.81. This represents a 6.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Scott Stanley Erickson sold 76,256 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 $2,293,017.92. Following the sale, the executive now directly owns 78,363 shares in the company, valued at approximately $2,356,375.41. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,510 shares of company stock worth $18,478,363. 4.60% of the stock is currently owned by company insiders.

Clearwater Analytics Trading Up 1.2 %

Shares of CWAN traded up $0.27 on Friday, reaching $23.18. 6,361,300 shares of the company's stock were exchanged, compared to its average volume of 2,235,397. The business has a 50 day moving average price of $25.51 and a two-hundred day moving average price of $27.54. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.05 and a 12 month high of $35.71. The stock has a market capitalization of $5.82 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

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

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of research analyst reports. Morgan Stanley reiterated 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. Wells Fargo & Company reduced their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler lowered their target price on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group upped their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, 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.