Natixis Advisors LLC Boosts Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Natixis Advisors LLC grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 59.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,260 shares of the company’s stock after purchasing an additional 26,506 shares during the period. Natixis Advisors LLC’s holdings in Clearwater Analytics were worth $1,799,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings 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 worth $2,323,000 after purchasing an additional 23,971 shares during the period. Jane Street Group LLC increased its holdings in shares of Clearwater Analytics by 234.2% in the first quarter. Jane Street Group LLC now owns 265,818 shares of the company’s stock worth $4,702,000 after purchasing an additional 186,273 shares during the period. Seven Eight Capital LP bought a new position in shares of Clearwater Analytics in the second quarter worth $1,797,000. Aigen Investment Management LP bought a new position in shares of Clearwater Analytics in the third quarter worth $523,000. Finally, Stephens Investment Management Group LLC bought a new position in shares of Clearwater Analytics in the third quarter worth $11,071,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Up 1.4 %

Shares of NYSE CWAN opened at $32.38 on Tuesday. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 3,243.24, a PEG ratio of 11.41 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. The firm’s fifty day moving average is $27.15 and its 200 day moving average is $23.01. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Insider Activity

In related news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on 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 owns 227,503 shares in the company, valued at $5,560,173.32. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value 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. The trade was a 44.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,770 shares of company stock valued at $1,826,606. Insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday. Oppenheimer upped their target price on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup initiated coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Morgan Stanley boosted their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.11.

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.