State of Wyoming Increases Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

State of Wyoming boosted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,158 shares of the company’s stock after purchasing an additional 14,487 shares during the period. State of Wyoming’s holdings in Clearwater Analytics were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWAN. Arcadia Investment Management Corp MI acquired a new position in shares of Clearwater Analytics in the fourth quarter worth about $57,000. R Squared Ltd acquired a new position in shares of Clearwater Analytics in the fourth quarter worth about $80,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Clearwater Analytics in the fourth quarter worth about $82,000. Nisa Investment Advisors LLC raised its position in shares of Clearwater Analytics by 174.1% in the fourth 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 period. Finally, OFI Invest Asset Management acquired a new position in shares of Clearwater Analytics in the fourth quarter worth about $88,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clearwater Analytics

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

Clearwater Analytics Stock Down 0.9%

Shares of NYSE CWAN opened at $23.81 on Friday. Clearwater Analytics Holdings, Inc. has a 12-month low of $17.63 and a 12-month high of $35.71. The stock has a market cap of $6.74 billion, a PE ratio of 14.34, a P/E/G ratio of 8.23 and a beta of 0.79. 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 company has a 50-day moving average of $24.31 and a 200 day moving average of $27.33.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The company had revenue of $126.86 million during the quarter, compared to analysts’ expectations of $125.11 million. During the same quarter in the prior year, the company earned $0.10 EPS. Clearwater Analytics’s revenue was up 23.5% compared to the same quarter last year. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CWAN. Royal Bank of Canada upped their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Piper Sandler decreased their price objective on shares of Clearwater Analytics from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an “overweight” rating and a $28.00 price objective for the company. Finally, UBS Group upped their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.