Penserra Capital Management LLC Takes $901,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Penserra Capital Management LLC bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,698 shares of the company’s stock, valued at approximately $901,000.

Other institutional investors have also made changes to their positions in the company. Hood River Capital Management LLC bought a new position in Clearwater Analytics during the second quarter worth $43,280,000. Vanguard Group Inc. lifted its stake in shares of Clearwater Analytics by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock worth $267,676,000 after buying an additional 2,219,459 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $53,559,000. Stephens Investment Management Group LLC acquired a new position in Clearwater Analytics in the 3rd quarter valued at about $11,071,000. Finally, Emerald Advisers LLC bought a new position in Clearwater Analytics in the 3rd quarter valued at about $10,150,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of research analyst reports. Morgan Stanley boosted their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Wells Fargo & Company upped their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their target price on Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. The Goldman Sachs Group upped their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Finally, Citigroup assumed coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.11.

Clearwater Analytics Trading Down 3.2 %

CWAN opened at $31.17 on Thursday. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 3,120.12, a P/E/G ratio of 11.57 and a beta of 0.61. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The company has a 50-day simple moving average of $27.46 and a 200 day simple moving average of $23.21.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the transaction, the executive now owns 6,373 shares in the company, valued at $161,746.74. The trade was a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James S. Cox sold 18,700 shares of the 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 $5,560,173.32. This trade represents a 7.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,770 shares of company stock valued at $1,826,606. Company insiders own 4.60% of the company’s stock.

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.