Trexquant Investment LP Acquires 206,036 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Trexquant Investment LP grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 92.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,766 shares of the company’s stock after acquiring an additional 206,036 shares during the period. Trexquant Investment LP owned 0.17% of Clearwater Analytics worth $11,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Clearwater Analytics by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,295,413 shares of the company’s stock worth $32,709,000 after purchasing an additional 60,948 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Clearwater Analytics by 6.4% in the third quarter. The Manufacturers Life Insurance Company now owns 79,809 shares of the company’s stock worth $2,015,000 after buying an additional 4,821 shares during the period. FMR LLC lifted its position in shares of Clearwater Analytics by 171.4% during the 3rd quarter. FMR LLC now owns 9,169 shares of the company’s stock valued at $232,000 after buying an additional 5,790 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Clearwater Analytics by 144.1% during the 3rd quarter. MetLife Investment Management LLC now owns 86,426 shares of the company’s stock valued at $2,182,000 after buying an additional 51,022 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Clearwater Analytics by 6.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,159 shares of the company’s stock valued at $711,000 after acquiring an additional 1,704 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $26.72 on Thursday. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The stock’s 50 day simple moving average is $28.17 and its two-hundred day simple moving average is $27.97. 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 released its quarterly earnings results 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). 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 for the quarter, compared to analysts’ expectations of $120.34 million. As a group, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.58, for a total value of $497,046.00. Following the completion of the sale, the chief financial officer now owns 358,502 shares in the company, valued at approximately $9,528,983.16. This trade represents a 4.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief executive officer now owns 615,855 shares in the company, valued at $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,510 shares of company stock valued at $18,688,862. Insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CWAN shares. UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Morgan Stanley restated an “overweight” rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Wells Fargo & Company raised their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, 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. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.80.

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.