2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. raised its holdings in Clearwater Analytics Holdings, Inc. ( NYSE:CWAN – Free Report ) by 15.
0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 427,274 shares of the company’s stock after buying an additional 55,762 shares during the quarter. Envestnet Asset Management Inc.
owned 0.17% of Clearwater Analytics worth $11,759,000 as of its most recent SEC filing. Several other institutional investors have also recently added to or reduced their stakes in the business.
Vanguard Group Inc. grew its stake in Clearwater Analytics by 13.3% in the fourth quarter.
Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock valued at $574,607,000 after acquiring an additional 2,455,844 shares during the period. Alliancebernstein L.
P. lifted its holdings in shares of Clearwater Analytics by 66.0% in the 4th quarter.
Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after purchasing an additional 2,931,445 shares in the last quarter.
Wellington Management Group LLP grew its position in Clearwater Analytics by 98.2% in the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock valued at $163,867,000 after purchasing an additional 2,950,555 shares during the period.
JPMorgan Chase & Co. increased its stake in Clearwater Analytics by 52.4% during the 4th quarter.
JPMorgan Chase & Co. now owns 4,613,815 shares of the company’s stock valued at $126,972,000 after purchasing an additional 1,585,869 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Clearwater Analytics by 19.
2% during the 4th quarter. Geode Capital Management LLC now owns 4,186,137 shares of the company’s stock valued at $115,232,000 after purchasing an additional 673,626 shares in the last quarter. 50.
10% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades CWAN has been the subject of a number of analyst reports. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $35.
00 to $32.00 in a report on Tuesday, January 14th. Morgan Stanley reiterated an “overweight” rating and set a $36.
00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Royal Bank of Canada boosted their price objective on Clearwater Analytics from $30.
00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Company raised their target price on Clearwater Analytics from $35.
00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, UBS Group upped their price target on Clearwater Analytics from $36.
00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock.
According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.80. Clearwater Analytics Stock Down 0.
2 % CWAN stock opened at $23.04 on Friday. The stock has a market cap of $5.
78 billion, a P/E ratio of 13.88, a P/E/G ratio of 8.23 and a beta of 0.
76. 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 stock’s fifty day simple moving average is $26.
81 and its two-hundred day simple moving average is $27.75. Clearwater Analytics Holdings, Inc.
has a 1-year low of $15.62 and a 1-year high of $35.71.
Clearwater Analytics ( NYSE:CWAN – Get Free Report ) last posted its quarterly earnings results 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). Clearwater Analytics had a net margin of 93.
97% and a return on equity of 7.11%. The company had revenue of $126.
47 million for the quarter, compared to the consensus estimate of $120.34 million. Analysts expect that Clearwater Analytics Holdings, Inc.
will post 0.18 EPS for the current year. Insider Activity In other news, CRO Scott Stanley Erickson sold 76,256 shares of the company’s stock in a transaction on Wednesday, February 19th.
The stock was sold at an average price of $30.07, for a total transaction of $2,293,017.92.
Following the transaction, the executive now owns 78,363 shares of the company’s stock, valued at $2,356,375.41. This represents a 49.
32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 19th.
The stock was sold at an average price of $30.07, for a total value of $6,575,918.09.
Following the completion of the sale, the chief executive officer now directly owns 681,588 shares of the company’s stock, valued at approximately $20,495,351.16. This trade represents a 24.
29 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 644,510 shares of company stock valued at $18,478,363 in the last three months.
Company insiders own 4.60% of the company’s stock. Clearwater Analytics Profile ( 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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