JPMorgan Chase & Co. Has $126.97 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

JPMorgan Chase & Co. boosted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 52.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,613,815 shares of the company’s stock after purchasing an additional 1,585,869 shares during the quarter. JPMorgan Chase & Co.’s holdings in Clearwater Analytics were worth $126,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWAN. GAMMA Investing LLC boosted its position in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI bought a new stake in Clearwater Analytics in the 4th quarter valued at $57,000. R Squared Ltd acquired a new stake in Clearwater Analytics in the 4th quarter worth $80,000. Nisa Investment Advisors LLC raised its position in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after buying an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $88,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Down 2.3 %

Shares of CWAN opened at $26.18 on Wednesday. The company has a market capitalization of $6.57 billion, a P/E ratio of 15.77, a PEG ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The business’s 50 day simple moving average is $28.21 and its 200-day simple moving average is $27.98. 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 announced its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock in a transaction on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total value of $511,071.00. Following the transaction, the chief financial officer now directly owns 274,857 shares in the company, valued at $7,511,841.81. This trade represents a 6.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is currently owned by corporate insiders.

About Clearwater Analytics

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.