Oppenheimer & Co. Inc. Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Oppenheimer & Co. Inc. purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,062 shares of the company’s stock, valued at approximately $835,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chartwell Investment Partners LLC grew its holdings in Clearwater Analytics by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after buying an additional 395 shares in the last quarter. Blair William & Co. IL grew its stake in Clearwater Analytics by 1.6% during the second quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after acquiring an additional 680 shares in the last quarter. Arizona State Retirement System boosted its stake in Clearwater Analytics by 2.1% during the second quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock valued at $757,000 after buying an additional 828 shares during the period. Advisors Asset Management Inc. increased its stake in Clearwater Analytics by 268.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Clearwater Analytics in the 3rd quarter valued at about $45,000. 50.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CWAN. Oppenheimer upped their price objective 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. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Citigroup started coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective on the stock. Piper Sandler raised their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.67.

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 Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the transaction, the executive now directly owns 6,373 shares of the company’s stock, valued at approximately $199,729.82. The trade was a 37.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the sale, the chief financial officer now owns 219,044 shares in the company, valued at approximately $6,645,794.96. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,852,086 shares of company stock valued at $44,971,367. Insiders own 3.25% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $30.82 on Wednesday. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. 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 stock has a market cap of $7.61 billion, a P/E ratio of 3,082.00, a P/E/G ratio of 10.89 and a beta of 0.61. The business’s 50 day moving average price is $26.68 and its 200-day moving average price is $22.72.

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.