Janus Henderson Group PLC Has $58.14 Million Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Janus Henderson Group PLC grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,112,732 shares of the company’s stock after purchasing an additional 205,803 shares during the quarter. Janus Henderson Group PLC’s holdings in Clearwater Analytics were worth $58,137,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Clearwater Analytics by 1,600.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock worth $39,690,000 after acquiring an additional 1,357,425 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after acquiring an additional 2,931,445 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Clearwater Analytics in the 4th quarter valued at $1,112,000. Stephens Investment Management Group LLC boosted its stake in Clearwater Analytics by 189.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock valued at $34,926,000 after purchasing an additional 830,684 shares during the period. Finally, Moody Aldrich Partners LLC boosted its stake in Clearwater Analytics by 32.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company’s stock valued at $10,634,000 after purchasing an additional 94,454 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 274,857 shares of the company’s stock, valued at approximately $7,511,841.81. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Scott Stanley Erickson sold 4,141 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the sale, the executive now directly owns 7,902 shares in the company, valued at approximately $218,490.30. The trade was a 34.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock worth $18,478,363 in the last ninety days. 4.60% of the stock is owned by insiders.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $24.31 on Wednesday. The stock has a fifty day moving average price of $24.55 and a 200-day moving average price of $27.39. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 8.23 and a beta of 0.79. 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 Holdings, Inc. has a fifty-two week low of $17.63 and a fifty-two week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The firm had revenue of $126.86 million during the quarter, compared to the consensus estimate of $125.11 million. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 23.5% compared to the same quarter last year. As a group, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CWAN. JPMorgan Chase & Co. began coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an “overweight” rating and a $28.00 price target for the company. UBS Group boosted their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Wells Fargo & Company reduced their price target on Clearwater Analytics from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada boosted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley restated 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. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.