Olympiad Research LP Invests $409,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Olympiad Research LP bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,879 shares of the company’s stock, valued at approximately $409,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Clearwater Analytics in the third quarter worth about $3,677,000. Loomis Sayles & Co. L P increased its stake in shares of Clearwater Analytics by 11.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after buying an additional 327,880 shares during the period. Swiss National Bank increased its stake in shares of Clearwater Analytics by 8.5% in the third quarter. Swiss National Bank now owns 312,900 shares of the company’s stock valued at $7,901,000 after buying an additional 24,600 shares during the period. Stephens Investment Management Group LLC increased its stake in shares of Clearwater Analytics by 189.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock valued at $34,926,000 after buying an additional 830,684 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Clearwater Analytics in the third quarter valued at approximately $523,000. Institutional investors own 50.10% of the company’s stock.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total value of $113,082.30. Following the transaction, the executive now directly owns 6,373 shares in the company, valued at $185,263.11. This represents a 37.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 139,172 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the transaction, the chief executive officer now owns 441,724 shares in the company, valued at $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 733,431 shares of company stock worth $21,444,493. 4.60% of the stock is owned by corporate insiders.

Clearwater Analytics Trading Up 4.7 %

Shares of Clearwater Analytics stock opened at $31.35 on Friday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm has a market cap of $7.74 billion, a PE ratio of 18.88, a P/E/G ratio of 8.23 and a beta of 0.72. The stock has a fifty day moving average price of $28.03 and a 200-day moving average price of $27.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CWAN. Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday. UBS Group upped their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada upped their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group upped their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Finally, DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their target price for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

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.