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

Arizona State Retirement System raised its stake 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. UBS Group AG grew its position in Clearwater Analytics by 1,129.0% during the 2nd quarter. UBS Group AG now owns 2,163 shares of the company’s stock worth $26,000 after acquiring an additional 1,987 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new position in Clearwater Analytics in the third quarter valued at approximately $32,000. Tower Research Capital LLC TRC grew its holdings in Clearwater Analytics by 527.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,826 shares of the company’s stock worth $35,000 after acquiring an additional 1,535 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of Clearwater Analytics in the 3rd quarter valued at $49,000. Finally, Captrust Financial Advisors grew its stake 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. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CWAN shares. JPMorgan Chase & Co. cut Clearwater Analytics from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $24.00 to $22.00 in a report on Thursday, February 29th. DA Davidson reiterated a “buy” rating and set a $24.00 target price on shares of Clearwater Analytics in a report on Monday, February 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $20.00 price target on shares of Clearwater Analytics in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Clearwater Analytics Stock Up 0.2 %

CWAN stock opened at $16.32 on Friday. The business has a 50-day moving average of $17.70 and a 200-day moving average of $18.93. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $13.02 and a fifty-two week high of $21.89. The stock has a market capitalization of $3.99 billion, a P/E ratio of -148.32, a P/E/G 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.

Insiders Place Their Bets

In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $16.90, for a total value of $274,625,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 10,000 shares of Clearwater Analytics stock in a transaction dated Thursday, February 15th. The shares were 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 in the company, valued at approximately $2,935,555.14. The disclosure for this sale can be found here. Insiders sold a total of 16,310,000 shares of company stock valued at $275,809,400 in the last quarter. 2.10% of the stock is currently owned by insiders.

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.