Tudor Investment Corp ET AL Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Tudor Investment Corp ET AL bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 128,866 shares of the company's stock, valued at approximately $3,546,000. Tudor Investment Corp ET AL owned about 0.05% of Clearwater Analytics as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CWAN. Wellington Management Group LLP increased its stake in Clearwater Analytics by 98.2% in the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after acquiring an additional 2,950,555 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after purchasing an additional 2,931,445 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Clearwater Analytics by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock valued at $574,607,000 after buying an additional 2,455,844 shares in the last quarter. Norges Bank bought a new stake in Clearwater Analytics in the 4th quarter worth approximately $59,402,000. Finally, Blair William & Co. IL boosted its stake 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 worth $48,290,000 after buying an additional 1,710,141 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Down 0.2 %

Shares of CWAN traded down $0.05 on Wednesday, reaching $22.82. The stock had a trading volume of 1,115,213 shares, compared to its average volume of 2,240,437. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. The company has a 50-day simple moving average of $25.21 and a 200-day simple moving average of $27.49. 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 quick ratio of 4.66 and a current ratio of 4.66.

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

Insiders Place Their Bets

In other news, CRO Scott Stanley Erickson sold 4,141 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the sale, the executive now owns 7,902 shares in the company, valued at $218,490.30. This represents a 34.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Subi Sethi sold 62,482 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the transaction, the insider now directly owns 144,973 shares in the company, valued at approximately $4,359,338.11. The trade was a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 644,510 shares of company stock worth $18,478,363. 4.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CWAN. UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Royal Bank of Canada lifted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Wells Fargo & Company cut their price target 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 Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. started coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price for the company. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

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.