Quantbot Technologies LP Buys 174,013 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Quantbot Technologies LP boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 211.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,336 shares of the company’s stock after acquiring an additional 174,013 shares during the period. Quantbot Technologies LP owned approximately 0.10% of Clearwater Analytics worth $7,054,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its stake in shares of Clearwater Analytics by 3.2% in the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after purchasing an additional 559,564 shares in the last quarter. State Street Corp lifted its holdings in shares of Clearwater Analytics by 38.7% during the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after acquiring an additional 1,009,548 shares during the period. Geode Capital Management LLC increased its position in shares of Clearwater Analytics by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock worth $88,710,000 after purchasing an additional 187,881 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after purchasing an additional 327,880 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Clearwater Analytics by 10.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,003,930 shares of the company’s stock valued at $75,849,000 after purchasing an additional 281,958 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CWAN shares. Wells Fargo & Company raised their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley reissued an “overweight” rating and set a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Royal Bank of Canada raised their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.80.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $26.39 on Friday. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a market cap of $6.62 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The firm has a 50-day moving average of $28.35 and a 200-day moving average of $27.69. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Buying and Selling at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 76,256 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $2,293,017.92. Following the transaction, the executive now owns 78,363 shares in the company, valued at approximately $2,356,375.41. This trade represents a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $25.89, for a total value of $1,294,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares of the company’s stock, valued at $15,944,485.95. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 594,510 shares of company stock valued at $17,418,271 in the last ninety days. 4.60% of the stock is currently owned by corporate insiders.

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.