Arizona State Retirement System Has $757,000 Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Arizona State Retirement System lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,894 shares of the company’s stock after acquiring an additional 828 shares during the quarter. Arizona State Retirement System’s holdings in Clearwater Analytics were worth $757,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in Clearwater Analytics by 268.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after buying an additional 1,234 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Clearwater Analytics by 389.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after purchasing an additional 1,549 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of Clearwater Analytics by 361.0% during the 1st quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock worth $95,000 after purchasing an additional 4,202 shares in the last quarter. Wellington Shields & Co. LLC acquired a new stake in shares of Clearwater Analytics during the 1st quarter valued at about $177,000. Finally, D.A. Davidson & CO. bought a new stake in shares of Clearwater Analytics in the 4th quarter valued at approximately $211,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total transaction of $92,387.50. Following the sale, the executive now directly owns 4,844 shares of the company’s stock, valued at $115,045. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the transaction, the executive now directly owns 4,844 shares of the company’s stock, valued at $115,045. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James S. Cox sold 11,275 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $18.92, for a total transaction of $213,323.00. Following the completion of the sale, the chief financial officer now owns 232,503 shares in the company, valued at approximately $4,398,956.76. The disclosure for this sale can be found here. Insiders sold 10,878,418 shares of company stock valued at $246,862,568 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Clearwater Analytics Trading Up 2.8 %

Shares of CWAN opened at $24.01 on Friday. The stock’s 50-day moving average price is $22.24 and its 200 day moving average price is $19.40. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of -300.13, a P/E/G ratio of 8.54 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $24.93.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $105.51 million. During the same period in the prior year, the company posted ($0.03) earnings per share. Clearwater Analytics’s revenue was up 18.8% on a year-over-year basis. As a group, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Citigroup began coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. Piper Sandler reiterated a “neutral” rating and issued a $23.00 price objective on shares of Clearwater Analytics in a report on Monday, September 9th. Oppenheimer upgraded Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Monday, July 8th. Finally, Wells Fargo & Company increased their price objective on Clearwater Analytics from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.30.

Clearwater Analytics Company 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.