Deutsche Bank AG Purchases 125,212 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Deutsche Bank AG raised its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 37.6% during the 4th quarter, Holdings Channel reports. The fund owned 458,174 shares of the company’s stock after purchasing an additional 125,212 shares during the period. Deutsche Bank AG’s holdings in Clearwater Analytics were worth $12,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CWAN. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics in the 4th quarter worth $57,000. R Squared Ltd purchased a new position in Clearwater Analytics in the 4th quarter worth $80,000. Aster Capital Management DIFC Ltd purchased a new position in Clearwater Analytics in the 4th quarter worth $82,000. Nisa Investment Advisors LLC lifted 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 valued at $86,000 after buying an additional 1,987 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at about $88,000. Institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CWAN shares. Piper Sandler cut their price target on Clearwater Analytics from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada boosted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Morgan Stanley restated an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. UBS Group upped their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company decreased their price target on 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $23.97 on Friday. The business’s fifty day moving average price is $24.38 and its 200 day moving average price is $27.35. The firm has a market capitalization of $6.79 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.63 and a 12 month 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.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. During the same quarter last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of the transaction, the chief financial officer now directly owns 274,857 shares of the company’s stock, valued at $7,511,841.81. This trade represents a 6.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Scott Stanley Erickson sold 4,141 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the transaction, the executive now directly owns 7,902 shares of the company’s stock, valued at approximately $218,490.30. This trade represents a 34.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 644,510 shares of company stock worth $18,311,363. Company insiders own 3.31% of the company’s stock.

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.