Aigen Investment Management LP Buys 4,220 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Aigen Investment Management LP grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,921 shares of the company’s stock after acquiring an additional 4,220 shares during the quarter. Aigen Investment Management LP’s holdings in Clearwater Analytics were worth $686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CWAN. Champlain Investment Partners LLC bought a new position in shares of Clearwater Analytics during the third quarter valued at $53,559,000. Principal Financial Group Inc. increased its holdings in shares of Clearwater Analytics by 1,600.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock valued at $39,690,000 after acquiring an additional 1,357,425 shares in the last quarter. State Street Corp increased 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 in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Clearwater Analytics by 189.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock valued at $34,926,000 after acquiring an additional 830,684 shares in the last quarter. Finally, Wasatch Advisors LP increased its holdings in shares of Clearwater Analytics by 3.2% during the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after acquiring an additional 559,564 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Trading Down 4.6 %

Shares of NYSE:CWAN opened at $29.27 on Friday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 8.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock’s 50-day simple moving average is $28.32 and its two-hundred day simple moving average is $27.56. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last announced its 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). The firm had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity

In other news, insider Subi Sethi sold 62,482 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 transaction of $1,878,833.74. Following the transaction, the insider now directly owns 144,973 shares of the company’s stock, valued at $4,359,338.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $6,575,918.09. Following the transaction, the chief executive officer now directly owns 681,588 shares in the company, valued at approximately $20,495,351.16. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 733,431 shares of company stock valued at $21,444,493 in the last ninety days. Corporate insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CWAN shares. 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. DA Davidson upgraded 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. The Goldman Sachs Group lifted their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Finally, UBS Group lifted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.80.

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.