2 weeks Ago By Defense World Staff
Legal & General Group Plc lifted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) by 29.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 188,022 shares of the company’s stock after purchasing an additional 42,409 shares during the quarter. Legal & General Group Plc owned 0.08% of Clearwater Analytics worth $5,174,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Clearwater Analytics by 13.
3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock worth $574,607,000 after acquiring an additional 2,455,844 shares during the period.
Alliancebernstein L.P. increased its position in shares of Clearwater Analytics by 66.
0% in the fourth 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 during the period. Wellington Management Group LLP raised its stake in Clearwater Analytics by 98.2% in the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its position in Clearwater Analytics by 52.
4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company’s stock worth $126,972,000 after purchasing an additional 1,585,869 shares during the period.
Finally, Invesco Ltd. grew its stake in Clearwater Analytics by 9.0% during the fourth quarter.
Invesco Ltd. now owns 4,253,863 shares of the company’s stock worth $117,066,000 after buying an additional 352,201 shares in the last quarter. 50.
10% of the stock is currently owned by institutional investors and hedge funds. Insiders Place Their BetsIn other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Tuesday, April 15th.
The shares were sold at an average price of $23.17, for a total transaction of $433,279.00.
Following the sale, the chief financial officer now owns 358,885 shares of the company’s stock, valued at approximately $8,315,365.45. This represents a 4.
95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction dated Monday, April 14th.
The stock was sold at an average price of $23.09, for a total value of $1,154,500.00.
Following the completion of the transaction, the chief executive officer now directly owns 876,754 shares of the company’s stock, valued at approximately $20,244,249.86. This trade represents a 5.
40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 644,510 shares of company stock valued at $18,478,363.
4.60% of the stock is currently owned by company insiders. Wall Street Analyst Weigh InSeveral brokerages have recently commented on CWAN.
UBS Group boosted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, February 20th.
Morgan Stanley restated an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st.
Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $36.00 in a research note on Thursday, February 20th.
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 report on Thursday, February 20th.
Finally, DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their target price for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th.
One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and an average price target of $33.80.
Get Our Latest Report on CWANClearwater Analytics Stock PerformanceClearwater Analytics stock opened at $23.04 on Monday. The business has a 50 day moving average of $26.
72 and a 200-day moving average of $27.78. 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 Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.
71. The company has a market capitalization 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.
Clearwater Analytics (NYSE:CWAN – Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) 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 business had revenue of $126.
47 million for the quarter, compared to the consensus estimate of $120.34 million. On average, equities research analysts predict that Clearwater Analytics Holdings, Inc.
will post 0.18 earnings per share for the current year. 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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