Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,406,335 shares of the company’s stock after selling 8,011 shares during the quarter. New York State Common Retirement Fund owned approximately 0.57% of Clearwater Analytics worth $38,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CWAN. GAMMA Investing LLC boosted its holdings in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after purchasing an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Clearwater Analytics during the 3rd quarter valued at $45,000. Financial Management Professionals Inc. acquired a new position in shares of Clearwater Analytics during the 3rd quarter valued at $58,000. R Squared Ltd acquired a new position in shares of Clearwater Analytics in the 4th quarter worth $80,000. Finally, Nisa Investment Advisors LLC grew its holdings 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. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CWAN has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company boosted their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley raised Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. 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 note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. 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 a consensus rating of “Moderate Buy” and an average target price of $33.60.

Clearwater Analytics Stock Up 10.2 %

NYSE:CWAN opened at $29.79 on Friday. The stock’s fifty day moving average price is $27.99 and its two-hundred day moving average price is $27.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 2,982.28, a P/E/G ratio of 7.59 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The business had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a return on equity of 5.68% and a net margin of 0.21%. On average, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current year.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The stock was 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. This represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $29.07, for a total value of $113,082.30. Following the completion of the transaction, the executive now owns 6,373 shares of the company’s stock, valued at $185,263.11. The trade was a 37.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 299,162 shares of company stock valued at $8,386,024. 4.60% of the stock is owned by company insiders.

Clearwater Analytics 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.