2,979 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, Holdings Channel.com reports. The fund acquired 2,979 shares of the company’s stock, valued at approximately $82,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in 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 during the period. Alliancebernstein L.P. lifted its holdings in shares of Clearwater Analytics by 66.0% during the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock valued at $202,931,000 after purchasing an additional 2,931,445 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Clearwater Analytics by 189.5% during the fourth 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 during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Clearwater Analytics in the 4th quarter worth approximately $1,112,000. Finally, Moody Aldrich Partners LLC grew its stake in shares of Clearwater Analytics by 32.4% in the 4th 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. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN opened at $22.07 on Wednesday. The firm has a market cap of $5.54 billion, a PE ratio of 13.30, a P/E/G ratio of 8.23 and a beta of 0.76. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. 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 firm has a fifty day simple moving average of $27.64 and a two-hundred day simple moving average of $27.90.

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

Insider Buying and Selling

In related news, insider Subi Sethi sold 62,482 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the transaction, the insider now directly owns 144,973 shares of the company’s stock, valued at approximately $4,359,338.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Souvik Das sold 76,844 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,310,699.08. Following the sale, the chief technology officer now directly owns 68,902 shares of the company’s stock, valued at $2,071,883.14. This represents a 52.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 644,510 shares of company stock valued at $18,688,862. 4.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CWAN shares. Wells Fargo & Company boosted their target price on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Morgan Stanley reissued an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Royal Bank of Canada increased 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, DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

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.