Intech Investment Management LLC Has $1.92 Million Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Intech Investment Management LLC grew its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 145.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 69,821 shares of the company’s stock after buying an additional 41,410 shares during the quarter. Intech Investment Management LLC’s holdings in Clearwater Analytics were worth $1,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Clearwater Analytics by 1,600.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock valued at $39,690,000 after buying an additional 1,357,425 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Clearwater Analytics in the third quarter valued at approximately $3,677,000. Loomis Sayles & Co. L P boosted its holdings in shares of Clearwater Analytics by 11.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after buying an additional 327,880 shares during the period. Swiss National Bank boosted its holdings in shares of Clearwater Analytics by 8.5% in the third quarter. Swiss National Bank now owns 312,900 shares of the company’s stock valued at $7,901,000 after buying an additional 24,600 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Clearwater Analytics by 189.5% in 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 buying an additional 830,684 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN opened at $26.71 on Friday. The firm has a market capitalization of $6.70 billion, a PE ratio of 16.09, a PEG ratio of 8.23 and a beta of 0.69. The company’s 50-day moving average is $28.27 and its 200-day moving average is $27.76. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week 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, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company 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%. Equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 4,141 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.65, for a total value of $114,498.65. Following the transaction, the executive now directly owns 7,902 shares in the company, valued at approximately $218,490.30. This represents a 34.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares in the company, valued at $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,688,862 over the last ninety days. 4.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CWAN has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Royal Bank of Canada upped their price target 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. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

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.