Schonfeld Strategic Advisors LLC Grows Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Schonfeld Strategic Advisors LLC increased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 96.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,200 shares of the company's stock after acquiring an additional 56,203 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Clearwater Analytics were worth $3,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after purchasing an additional 468 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Clearwater Analytics by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after buying an additional 502 shares during the period. Exchange Traded Concepts LLC grew its position in Clearwater Analytics by 11.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after buying an additional 521 shares in the last quarter. Summit Creek Advisors LLC increased its stake in Clearwater Analytics by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock worth $7,844,000 after acquiring an additional 833 shares during the last quarter. Finally, Bullseye Asset Management LLC raised its holdings in shares of Clearwater Analytics by 1.1% in the 4th quarter. Bullseye Asset Management LLC now owns 112,181 shares of the company's stock valued at $3,087,000 after acquiring an additional 1,181 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CWAN has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. UBS Group increased their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price for the company. Finally, DA Davidson upgraded 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. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Clearwater Analytics Trading Up 0.1 %

CWAN traded up $0.03 during trading on Wednesday, hitting $22.89. 2,451,688 shares of the stock traded hands, compared to its average volume of 2,246,387. The firm has a market capitalization of $5.75 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a 12-month low of $17.42 and a 12-month high of $35.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a 50-day moving average of $25.05 and a 200 day moving average of $27.46.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $0.10 EPS. Clearwater Analytics's revenue was up 23.5% compared to the same quarter last year. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insiders Place Their Bets

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $27.63, for a total transaction of $1,381,500.00. Following the transaction, the chief executive officer now owns 615,855 shares in the company, valued at approximately $17,016,073.65. This represents a 7.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $23.17, for a total value of $433,279.00. Following the completion of the transaction, the chief financial officer now owns 358,885 shares of the company's stock, valued at approximately $8,315,365.45. The trade was a 4.95 % 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 corporate insiders.

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.