Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Position Cut by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 899,101 shares of the company’s stock after selling 1,911 shares during the quarter. New York State Common Retirement Fund’s holdings in Clearwater Analytics were worth $18,009,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CWAN. Asset Management One Co. Ltd. bought a new stake in shares of Clearwater Analytics during the 4th quarter worth $134,000. Curated Wealth Partners LLC bought a new stake in shares of Clearwater Analytics during the 4th quarter worth $299,000. Quantum Private Wealth LLC bought a new stake in shares of Clearwater Analytics during the 4th quarter worth $311,000. Aigen Investment Management LP bought a new stake in shares of Clearwater Analytics during the 3rd quarter worth $339,000. Finally, Fifth Third Bancorp boosted its stake in shares of Clearwater Analytics by 649.8% during the 4th quarter. Fifth Third Bancorp now owns 17,096 shares of the company’s stock worth $342,000 after acquiring an additional 14,816 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO James S. Cox sold 10,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total transaction of $197,400.00. Following the completion of the sale, the chief financial officer now directly owns 148,711 shares in the company, valued at $2,935,555.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO James S. Cox sold 10,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total transaction of $197,400.00. Following the completion of the sale, the chief financial officer now directly owns 148,711 shares in the company, valued at $2,935,555.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 270,838 shares of the company’s stock, valued at $5,346,342.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,310,000 shares of company stock worth $275,809,400. Corporate insiders own 2.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $16.40 on Monday. 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 1 year low of $13.02 and a 1 year high of $21.89. The business has a fifty day simple moving average of $17.35 and a 200 day simple moving average of $18.79. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of -149.09, a P/E/G ratio of 6.51 and a beta of 0.45.

Wall Street Analysts Forecast Growth

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

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.