Aquatic Capital Management LLC Acquires 54,601 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Aquatic Capital Management LLC raised its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 109.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,501 shares of the company’s stock after acquiring an additional 54,601 shares during the quarter. Aquatic Capital Management LLC’s holdings in Clearwater Analytics were worth $2,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock worth $574,607,000 after buying an additional 2,455,844 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after buying an additional 2,931,445 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Clearwater Analytics by 98.2% in the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock worth $163,867,000 after buying an additional 2,950,555 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Clearwater Analytics by 52.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company’s stock worth $126,972,000 after buying an additional 1,585,869 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Clearwater Analytics by 9.0% in the 4th quarter. Invesco Ltd. now owns 4,253,863 shares of the company’s stock worth $117,066,000 after buying an additional 352,201 shares during the period. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Trading Up 0.1 %

Clearwater Analytics stock opened at $22.76 on Tuesday. The stock has a 50-day moving average of $26.12 and a two-hundred day moving average of $27.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The stock has a market cap of $5.71 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. UBS Group upped their target price 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 upped their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Morgan Stanley restated an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research note on Friday. They set an “overweight” rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.80.

Insider Buying and Selling at Clearwater Analytics

In other news, insider Subi Sethi sold 62,482 shares of the stock in a transaction dated 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 represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 76,256 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,293,017.92. Following the completion of the transaction, the executive now directly owns 78,363 shares in the company, valued at $2,356,375.41. This represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 644,510 shares of company stock worth $18,478,363. 4.60% of the stock is owned by 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.