Tudor Investment Corp ET AL Invests $3.55 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Tudor Investment Corp ET AL bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 128,866 shares of the company’s stock, valued at approximately $3,546,000. Tudor Investment Corp ET AL owned approximately 0.05% of Clearwater Analytics at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CWAN. GAMMA Investing LLC raised its holdings in shares of Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after buying an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Clearwater Analytics during the fourth quarter worth approximately $57,000. R Squared Ltd bought a new stake in shares of Clearwater Analytics in the 4th quarter worth approximately $80,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Clearwater Analytics in the 4th quarter valued at $82,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Clearwater Analytics by 174.1% in the 4th 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.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Royal Bank of Canada increased their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. started coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an “overweight” rating and a $28.00 price target on the stock. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Insiders Place Their Bets

In related news, insider Subi Sethi sold 62,482 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the transaction, the insider now directly owns 144,973 shares in the company, valued at $4,359,338.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total transaction of $433,279.00. Following the sale, the chief financial officer now directly owns 358,885 shares in the company, valued at $8,315,365.45. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 644,510 shares of company stock worth $18,478,363. 4.60% of the stock is owned by corporate insiders.

Clearwater Analytics Trading Up 1.2 %

NYSE:CWAN opened at $23.18 on Friday. The company has a 50-day moving average price of $25.51 and a 200-day moving average price of $27.54. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 8.23 and a beta of 0.76. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.05 and a 12 month high of $35.71.

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

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.