Swiss National Bank Purchases 24,600 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Swiss National Bank grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,900 shares of the company’s stock after acquiring an additional 24,600 shares during the quarter. Swiss National Bank owned about 0.13% of Clearwater Analytics worth $7,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CWAN. Advisors Asset Management Inc. grew its holdings in Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after buying an additional 1,234 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Clearwater Analytics during the third quarter worth $45,000. Financial Management Professionals Inc. bought a new stake in Clearwater Analytics during the third quarter worth $58,000. Benjamin F. Edwards & Company Inc. grew its holdings in Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after buying an additional 2,425 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Clearwater Analytics during the third quarter worth $117,000. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Oppenheimer upped their price target on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Piper Sandler upped their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson cut Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada boosted their price objective on Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics has a consensus rating of “Hold” and an average target price of $31.11.

Clearwater Analytics Stock Up 1.4 %

Shares of NYSE CWAN opened at $32.38 on Tuesday. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The business’s fifty day moving average price is $27.15 and its 200-day moving average price is $23.01. The stock has a market capitalization of $8.00 billion, a PE ratio of 3,241.24, a P/E/G ratio of 11.41 and a beta of 0.61.

Insider Activity

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the company’s 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 transaction, the executive now owns 4,844 shares of the company’s stock, valued at $115,045. This represents a 44.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. This represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,770 shares of company stock valued at $1,826,606 in the last 90 days. Insiders own 4.60% of the company’s stock.

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.