Asset Management One Co. Ltd. Acquires Shares of 6,683 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Asset Management One Co. Ltd. acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,683 shares of the company’s stock, valued at approximately $134,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS Group AG raised its position in shares of Clearwater Analytics by 1,129.0% in the 2nd quarter. UBS Group AG now owns 2,163 shares of the company’s stock worth $26,000 after purchasing an additional 1,987 shares during the last quarter. BNP Paribas Arbitrage SNC purchased a new position in shares of Clearwater Analytics in the 3rd quarter worth about $32,000. Tower Research Capital LLC TRC raised its position in shares of Clearwater Analytics by 527.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,826 shares of the company’s stock worth $35,000 after purchasing an additional 1,535 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of Clearwater Analytics in the 3rd quarter worth about $49,000. Finally, Captrust Financial Advisors raised its position in shares of Clearwater Analytics by 35.3% in the 1st quarter. Captrust Financial Advisors now owns 2,663 shares of the company’s stock worth $56,000 after purchasing an additional 695 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler reiterated a “neutral” rating and issued a $20.00 price objective on shares of Clearwater Analytics in a report on Thursday, February 29th. DA Davidson restated a “buy” rating and set a $24.00 price target on shares of Clearwater Analytics in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. downgraded Clearwater Analytics from an “overweight” rating to a “neutral” rating and cut their price target for the company from $24.00 to $22.00 in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Clearwater Analytics has an average rating of “Moderate Buy” and an average target price of $22.00.

Insider Activity at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $19.95, for a total transaction of $997,500.00. Following the completion of the transaction, the chief executive officer now directly owns 270,490 shares in the company, valued at approximately $5,396,275.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $19.95, for a total value of $997,500.00. Following the transaction, the chief executive officer now directly owns 270,490 shares of the company’s stock, valued at approximately $5,396,275.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,370,000 shares of company stock worth $277,006,400. 2.10% of the stock is owned by company insiders.

Clearwater Analytics Trading Up 0.9 %

Shares of NYSE:CWAN opened at $16.44 on Monday. The stock has a 50 day moving average of $17.91 and a 200 day moving average of $19.02. The company has a market cap of $4.02 billion, a PE ratio of -149.45, a price-to-earnings-growth ratio of 6.52 and a beta of 0.45. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 0.11. Clearwater Analytics Holdings, Inc. has a 12-month low of $13.02 and a 12-month high of $21.89.

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.