Los Angeles Capital Management LLC Acquires Shares of 14,260 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Los Angeles Capital Management LLC acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,260 shares of the company’s stock, valued at approximately $360,000.

Several other institutional investors also recently bought and sold shares of CWAN. Advisors Asset Management Inc. grew its holdings in Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after purchasing an additional 1,234 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in Clearwater Analytics in the third quarter valued at approximately $45,000. Financial Management Professionals Inc. acquired a new stake in shares of Clearwater Analytics in the third quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Clearwater Analytics by 124.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of Clearwater Analytics in the second quarter worth approximately $90,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $24.44, for a total transaction 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 approximately $5,560,173.32. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.18, for a total value of $43,144,760.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,854,883 shares of company stock worth $44,926,386 in the last quarter. 3.25% of the stock is owned by company insiders.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $30.49 on Monday. The business has a 50-day moving average of $26.42 and a 200 day moving average of $22.54. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 3,052.05, a price-to-earnings-growth ratio of 10.89 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CWAN shares. Piper Sandler lifted their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer lifted their price target on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Citigroup initiated coverage on Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.67.

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.