Algert Global LLC Has $2.68 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Algert Global LLC lessened its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 20.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 106,291 shares of the company’s stock after selling 27,790 shares during the period. Algert Global LLC’s holdings in Clearwater Analytics were worth $2,684,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of Clearwater Analytics by 22.3% in the first quarter. California State Teachers Retirement System now owns 131,341 shares of the company’s stock valued at $2,323,000 after acquiring an additional 23,971 shares during the period. Jane Street Group LLC boosted its holdings in Clearwater Analytics by 234.2% in the 1st quarter. Jane Street Group LLC now owns 265,818 shares of the company’s stock valued at $4,702,000 after purchasing an additional 186,273 shares during the period. Seven Eight Capital LP acquired a new stake in Clearwater Analytics in the 2nd quarter worth $1,797,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Clearwater Analytics during the 3rd quarter worth about $3,677,000. Finally, Aigen Investment Management LP acquired a new position in shares of Clearwater Analytics during the third quarter valued at about $523,000. Institutional investors own 50.10% of the company’s stock.

Insider Activity at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’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 completion of the sale, the executive now directly owns 4,844 shares of the company’s stock, valued at $115,045. This trade represents a 44.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $24.44, for a total value of $457,028.00. Following the completion of the transaction, the chief financial officer now directly owns 227,503 shares in the company, valued at approximately $5,560,173.32. This represents a 7.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,770 shares of company stock valued at $1,826,606 in the last ninety days. Insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CWAN shares. Wells Fargo & Company boosted their price target on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Citigroup initiated coverage on shares of Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Oppenheimer raised their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a 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.com, Clearwater Analytics currently has a consensus rating of “Hold” and a consensus target price of $31.11.

Clearwater Analytics Stock Down 0.6 %

Shares of NYSE CWAN opened at $32.21 on Wednesday. The business has a fifty day moving average of $27.31 and a two-hundred day moving average of $23.11. 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 Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The stock has a market cap of $7.96 billion, a PE ratio of 3,204.20, a PEG ratio of 11.41 and a beta of 0.61.

About Clearwater Analytics

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.