Voya Investment Management LLC Boosts Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Voya Investment Management LLC grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 420.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 248,588 shares of the company's stock after acquiring an additional 200,795 shares during the quarter. Voya Investment Management LLC owned 0.10% of Clearwater Analytics worth $6,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its stake in Clearwater Analytics by 90.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 193,493 shares of the company's stock worth $5,326,000 after buying an additional 92,024 shares in the last quarter. Dark Forest Capital Management LP increased its stake in Clearwater Analytics by 473.5% in the fourth quarter. Dark Forest Capital Management LP now owns 118,993 shares of the company's stock valued at $3,275,000 after acquiring an additional 98,245 shares during the last quarter. Hsbc Holdings PLC raised its position in Clearwater Analytics by 18.7% during the fourth quarter. Hsbc Holdings PLC now owns 21,493 shares of the company's stock valued at $590,000 after purchasing an additional 3,382 shares in the last quarter. Stifel Financial Corp lifted its stake in Clearwater Analytics by 1.6% during the fourth quarter. Stifel Financial Corp now owns 189,116 shares of the company's stock worth $5,204,000 after purchasing an additional 2,889 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Clearwater Analytics by 299.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,830 shares of the company's stock valued at $271,000 after purchasing an additional 7,369 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Analyst Ratings Changes

CWAN has been the subject of several research analyst reports. UBS Group boosted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. 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 on the stock. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and dropped their price target for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Royal Bank of Canada upped their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Piper Sandler cut their price target on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Clearwater Analytics presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Clearwater Analytics Trading Up 1.2 %

NYSE CWAN traded up $0.27 during mid-day trading on Friday, reaching $23.18. 6,361,300 shares of the stock were exchanged, compared to its average volume of 2,235,397. 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 stock has a market cap of $5.82 billion, a P/E ratio of 13.96, a P/E/G ratio of 8.23 and a beta of 0.76. The stock has a 50 day simple moving average of $25.51 and a 200-day simple moving average of $27.54. Clearwater Analytics Holdings, Inc. has a one year low of $17.05 and a one year high of $35.71.

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

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the transaction, the chief financial officer now owns 274,857 shares in the company, valued at approximately $7,511,841.81. This represents a 6.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the sale, the chief executive officer now directly owns 876,754 shares of the company's stock, valued at approximately $20,244,249.86. The trade was a 5.40 % 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. 4.60% of the stock is 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.