Intech Investment Management LLC Has $1.92 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Intech Investment Management LLC increased its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 145.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,821 shares of the company’s stock after acquiring an additional 41,410 shares during the period. Intech Investment Management LLC’s holdings in Clearwater Analytics were worth $1,921,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Clearwater Analytics by 1,600.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock valued at $39,690,000 after acquiring an additional 1,357,425 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Clearwater Analytics during the 3rd quarter valued at about $3,677,000. Loomis Sayles & Co. L P boosted its position in shares of Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after acquiring an additional 327,880 shares in the last quarter. Swiss National Bank boosted its position in shares of Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company’s stock valued at $7,901,000 after acquiring an additional 24,600 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock valued at $34,926,000 after acquiring an additional 830,684 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWAN has been the subject of several analyst reports. Oppenheimer lifted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.80.

Clearwater Analytics Trading Up 0.9 %

Shares of NYSE CWAN opened at $26.71 on Friday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a market cap of $6.70 billion, a PE ratio of 16.09, a P/E/G ratio of 8.23 and a beta of 0.69. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $28.27 and a two-hundred day moving average of $27.76.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares in the company, valued at approximately $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the transaction, the chief financial officer now owns 279,857 shares of the company’s stock, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock worth $18,688,862 in the last quarter. 4.60% of the stock is owned by company 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.