Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWANFree Report) by 125.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,500 shares of the company’s stock after purchasing an additional 21,966 shares during the period. Aigen Investment Management LP’s holdings in Clearwater Analytics were worth $791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWAN. Bank of New York Mellon Corp lifted its holdings in Clearwater Analytics by 5.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 588,559 shares of the company’s stock valued at $11,383,000 after purchasing an additional 29,039 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Clearwater Analytics by 45.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,913 shares of the company’s stock worth $366,000 after acquiring an additional 5,893 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth about $2,022,000. NBC Securities Inc. purchased a new position in Clearwater Analytics in the third quarter valued at approximately $453,000. Finally, Arizona State Retirement System raised its holdings in Clearwater Analytics by 24.6% in the third quarter. Arizona State Retirement System now owns 22,402 shares of the company’s stock valued at $433,000 after buying an additional 4,416 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Clearwater Analytics in a research report on Monday, February 5th. JPMorgan Chase & Co. decreased their price target on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Morgan Stanley restated an “equal weight” rating and set a $19.00 price objective on shares of Clearwater Analytics in a research note on Thursday, May 2nd. Piper Sandler restated a “neutral” rating and set a $20.00 price objective on shares of Clearwater Analytics in a research note on Thursday, February 29th. Finally, Wells Fargo & Company reduced their price objective on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.70.

Get Our Latest Stock Analysis on Clearwater Analytics

Insider Buying and Selling

In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of Clearwater Analytics stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Clearwater Analytics Price Performance

NYSE:CWAN traded down $0.04 during mid-day trading on Wednesday, reaching $19.00. 158,280 shares of the stock were exchanged, compared to its average volume of 1,186,348. The business has a fifty day moving average price of $17.22 and a 200 day moving average price of $18.66. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.28 and a 1-year high of $21.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.59 and a quick ratio of 5.59.

Clearwater Analytics (NYSE:CWANGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $102.70 million for the quarter, compared to analyst estimates of $100.55 million. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. Clearwater Analytics’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current year.

About Clearwater Analytics

(Free Report)

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.

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Institutional Ownership by Quarter for Clearwater Analytics (NYSE:CWAN)

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