Hsbc Holdings PLC Has $590,000 Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Hsbc Holdings PLC increased its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 18.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,493 shares of the company’s stock after purchasing an additional 3,382 shares during the quarter. Hsbc Holdings PLC’s holdings in Clearwater Analytics were worth $590,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after acquiring an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics during the 4th quarter worth about $57,000. R Squared Ltd acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at about $80,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at about $82,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after purchasing an additional 1,987 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CWAN shares. Morgan Stanley reissued an “overweight” rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Royal Bank of Canada lifted their price objective on shares of 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 shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Wells Fargo & Company decreased their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. started coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an “overweight” rating and a $28.00 price target for the company. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Activity at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $27.63, for a total transaction of $1,381,500.00. Following the sale, the chief executive officer now owns 615,855 shares in the company, valued at approximately $17,016,073.65. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 644,510 shares of company stock worth $18,478,363. Company insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Up 0.8 %

CWAN opened at $22.90 on Wednesday. The stock has a fifty day moving average of $25.21 and a 200-day moving average of $27.49. The company has a market capitalization of $5.75 billion, a P/E ratio of 13.80, a P/E/G ratio of 8.23 and a beta of 0.79. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.86 million during the quarter, compared to analysts’ expectations of $125.11 million. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue was up 23.5% on a year-over-year basis. On average, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

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.