Elo Mutual Pension Insurance Co Invests $324,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Elo Mutual Pension Insurance Co bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 11,763 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Clearwater Analytics by 1,600.9% during the fourth 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. Stephens Investment Management Group LLC increased its stake in 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 purchasing an additional 830,684 shares in the last quarter. Moody Aldrich Partners LLC raised its holdings in Clearwater Analytics by 32.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company’s stock worth $10,634,000 after buying an additional 94,454 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Clearwater Analytics by 46.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,040,188 shares of the company’s stock valued at $28,626,000 after buying an additional 328,542 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Clearwater Analytics by 43.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 62,178 shares of the company’s stock valued at $1,570,000 after buying an additional 18,712 shares during the last quarter. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Trading Down 1.9 %

Shares of Clearwater Analytics stock opened at $26.51 on Monday. The firm has a market cap of $6.65 billion, a PE ratio of 15.97, a P/E/G ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. 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 fifty day moving average price of $28.28 and a 200-day moving average price of $27.94.

Clearwater Analytics (NYSE:CWAN) last announced 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 company had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity at Clearwater Analytics

In other 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 value of $1,294,500.00. Following the sale, the chief executive officer now owns 615,855 shares of the company’s stock, valued at $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Subi Sethi sold 62,482 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the sale, the insider now owns 144,973 shares in the company, valued at $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 $18,688,862. Insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their target price for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. UBS Group upped their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Royal Bank of Canada raised their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Oppenheimer upped their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.80.

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.