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

Janus Henderson Group PLC increased its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,112,732 shares of the company’s stock after acquiring an additional 205,803 shares during the quarter. Janus Henderson Group PLC owned about 0.86% of Clearwater Analytics worth $58,137,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics during the fourth quarter worth about $57,000. R Squared Ltd bought a new position in Clearwater Analytics during the fourth quarter worth about $80,000. Aster Capital Management DIFC Ltd bought a new position in Clearwater Analytics during the fourth quarter worth about $82,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after buying an additional 1,987 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CWAN shares. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Morgan Stanley restated an “overweight” rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a report on Friday, April 25th. They set an “overweight” rating and a $28.00 target price on the stock. Wells Fargo & Company dropped their price target on Clearwater Analytics from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada raised their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total transaction of $433,279.00. Following the transaction, the chief financial officer now owns 358,885 shares of the company’s stock, valued at $8,315,365.45. The trade was a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares in the company, valued at $17,016,073.65. This trade represents a 7.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 644,510 shares of company stock valued at $18,478,363. 4.60% of the stock is owned by insiders.

Clearwater Analytics Stock Down 0.2%

Shares of Clearwater Analytics stock opened at $24.31 on Wednesday. The business’s 50 day simple moving average is $24.55 and its 200 day simple moving average is $27.39. Clearwater Analytics Holdings, Inc. has a 52-week low of $17.63 and a 52-week high of $35.71. The firm has a market cap of $6.89 billion, a PE ratio of 14.64, a P/E/G 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 (NYSE:CWAN) last announced its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) 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 business had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. During the same quarter last year, the firm earned $0.10 EPS. Clearwater Analytics’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.