PDT Partners LLC Acquires Shares of 102,862 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

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

Several other hedge funds and other institutional investors have also made changes to their positions in CWAN. GAMMA Investing LLC lifted its stake in shares of Clearwater Analytics by 57.4% in 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 period. Arcadia Investment Management Corp MI purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $57,000. R Squared Ltd acquired a new stake in shares of Clearwater Analytics in the 4th quarter worth approximately $80,000. Aster Capital Management DIFC Ltd purchased a new position in Clearwater Analytics in the 4th quarter valued at approximately $82,000. Finally, Nisa Investment Advisors LLC raised its holdings in Clearwater Analytics by 174.1% during 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 last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CWAN. Royal Bank of Canada raised their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Wells Fargo & Company cut their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Piper Sandler cut their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, UBS Group increased their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. One 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 presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Insider Buying and Selling at Clearwater Analytics

In other news, insider Subi Sethi sold 62,482 shares of the company'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 $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares of the company's stock, valued at $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $27.63, for a total value of $1,381,500.00. Following the sale, the chief executive officer now owns 615,855 shares in the company, valued at approximately $17,016,073.65. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock valued at $18,478,363 over the last ninety days. Corporate insiders own 4.60% of the company's stock.

Clearwater Analytics Trading Up 0.0 %

Shares of NYSE CWAN traded up $0.01 on Monday, reaching $23.14. 405,215 shares of the company traded hands, compared to its average volume of 2,230,897. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $35.71. The company has a 50 day moving average of $25.51 and a 200 day moving average of $27.55. The stock has a market capitalization of $5.81 billion, a PE ratio of 13.95, a P/E/G ratio of 8.23 and a beta of 0.79. 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 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business's quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. On average, equities research analysts forecast 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.