Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stake Raised by Voya Investment Management LLC

Voya Investment Management LLC raised 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 disclosure with the SEC. The fund owned 248,588 shares of the company's stock after buying an additional 200,795 shares during the quarter. Voya Investment Management LLC owned about 0.10% of Clearwater Analytics worth $6,841,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CWAN. GAMMA Investing LLC grew its position in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after buying an additional 468 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Clearwater Analytics during the 4th quarter worth about $57,000. R Squared Ltd purchased a new stake in Clearwater Analytics during the 4th quarter worth approximately $80,000. Aster Capital Management DIFC Ltd purchased a new position in Clearwater Analytics in the 4th quarter worth approximately $82,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after acquiring an additional 1,987 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Wall Street Analyst Weigh In

CWAN has been the subject of several analyst reports. UBS Group increased their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Piper Sandler cut their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday. 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 note on Thursday, February 20th. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a report on Friday, April 25th. They set an "overweight" rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company cut their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 218,687 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the sale, the chief executive officer now directly owns 681,588 shares in the company, valued at $20,495,351.16. This represents a 24.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO James S. Cox sold 18,700 shares of the firm's 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 transaction, the chief financial officer now owns 274,857 shares in the company, valued at approximately $7,511,841.81. This trade represents a 6.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock worth $18,478,363 over the last quarter. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Price Performance

Clearwater Analytics stock traded up $0.08 during mid-day trading on Monday, hitting $23.21. 242,532 shares of the company were exchanged, compared to its average volume of 2,230,338. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 12-month low of $17.27 and a 12-month high of $35.71. The business's 50 day simple moving average is $25.51 and its two-hundred day simple moving average is $27.55. The company has a market capitalization of $5.82 billion, a P/E ratio of 13.97, a PEG ratio of 8.23 and a beta of 0.79.

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

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.