Cubist Systematic Strategies LLC Decreases Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Cubist Systematic Strategies LLC decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 93.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,199 shares of the company’s stock after selling 325,705 shares during the period. Cubist Systematic Strategies LLC’s holdings in Clearwater Analytics were worth $393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Clearwater Analytics by 4.2% during the 4th quarter. Wellington Management Group LLP now owns 2,159,700 shares of the company’s stock valued at $43,259,000 after acquiring an additional 87,455 shares during the period. Vanguard Group Inc. boosted its stake in Clearwater Analytics by 36.6% in the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock worth $258,628,000 after purchasing an additional 3,461,158 shares during the period. Quadrature Capital Ltd grew its holdings in Clearwater Analytics by 73.7% during the 4th quarter. Quadrature Capital Ltd now owns 169,619 shares of the company’s stock valued at $3,397,000 after buying an additional 71,964 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Clearwater Analytics during the fourth quarter valued at about $211,000. Finally, NBC Securities Inc. lifted its holdings in shares of Clearwater Analytics by 53.0% in the first quarter. NBC Securities Inc. now owns 35,065 shares of the company’s stock worth $621,000 after buying an additional 12,146 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Trading Up 0.9 %

Shares of CWAN stock opened at $25.78 on Monday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $26.02. The company has a market cap of $6.35 billion, a price-to-earnings ratio of -1,289.00, a PEG ratio of 9.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.78 and a quick ratio of 4.78. The stock has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $20.56.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The business had revenue of $106.79 million for the quarter, compared to analysts’ expectations of $105.51 million. During the same period in the previous year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price target on Clearwater Analytics from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Oppenheimer increased their price objective on Clearwater Analytics from $25.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Piper Sandler restated a “neutral” rating and issued a $23.00 target price on shares of Clearwater Analytics in a research report on Monday, September 9th. Finally, Citigroup assumed coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Clearwater Analytics currently has an average rating of “Moderate Buy” and an average price target of $24.44.

Insiders Place Their Bets

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $25.38, for a total transaction of $98,728.20. Following the sale, the executive now owns 6,373 shares in the company, valued at $161,746.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the sale, the executive now directly owns 6,373 shares in the company, valued at $161,746.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $24.44, for a total value of $457,028.00. Following the completion of the transaction, the chief financial officer now directly owns 227,503 shares of the company’s stock, valued at $5,560,173.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,864,733 shares of company stock worth $246,732,002 in the last ninety days. 3.46% of the stock is owned by corporate insiders.

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.