Arizona State Retirement System Has $674,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Arizona State Retirement System grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 50.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,666 shares of the company’s stock after purchasing an additional 11,264 shares during the quarter. Arizona State Retirement System’s holdings in Clearwater Analytics were worth $674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in Clearwater Analytics by 527.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,826 shares of the company’s stock valued at $35,000 after buying an additional 1,535 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new position in Clearwater Analytics in the 3rd quarter valued at approximately $32,000. UBS Group AG raised its stake in shares of Clearwater Analytics by 1,129.0% during the second quarter. UBS Group AG now owns 2,163 shares of the company’s stock valued at $26,000 after acquiring an additional 1,987 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Clearwater Analytics by 35.3% during the first 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 period. Finally, Ensign Peak Advisors Inc bought a new stake in shares of Clearwater Analytics in the third quarter worth $49,000. 50.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $19.74, for a total transaction of $987,000.00. Following the completion of the sale, the chief executive officer now owns 270,838 shares of the company’s stock, valued at approximately $5,346,342.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO James S. Cox sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $19.74, for a total value of $197,400.00. Following the completion of the sale, the chief financial officer now directly owns 148,711 shares of the company’s stock, valued at approximately $2,935,555.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total value of $987,000.00. Following the transaction, the chief executive officer now directly owns 270,838 shares in the company, valued at $5,346,342.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,310,000 shares of company stock valued at $275,809,400. 2.10% of the stock is currently owned by company insiders.

Clearwater Analytics Stock Up 0.2 %

Shares of Clearwater Analytics stock opened at $16.32 on Friday. The stock’s 50-day moving average is $17.70 and its 200 day moving average is $18.93. Clearwater Analytics Holdings, Inc. has a one year low of $13.02 and a one year high of $21.89. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of -148.32, a PEG ratio of 6.44 and a beta of 0.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.15 and a quick ratio of 5.15.

Clearwater Analytics Company 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.