Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,771 shares of the company’s stock, valued at approximately $45,000.
Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in shares of Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after purchasing an additional 1,234 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Clearwater Analytics by 389.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after acquiring an additional 1,549 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Clearwater Analytics in the 3rd quarter valued at approximately $117,000. Amalgamated Bank bought a new stake in Clearwater Analytics in the 2nd quarter valued at approximately $90,000. Finally, Point72 Asset Management L.P. bought a new stake in Clearwater Analytics in the 2nd quarter valued at approximately $91,000. Institutional investors own 50.10% of the company’s stock.
Clearwater Analytics Stock Up 0.2 %
NYSE:CWAN opened at $26.27 on Friday. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -328.38, a price-to-earnings-growth ratio of 9.16 and a beta of 0.62. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $27.65. The stock’s 50 day moving average price is $25.04 and its two-hundred day moving average price is $21.10. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11.
Insider Buying and Selling
In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the transaction, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at approximately $5,860,991.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the transaction, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at approximately $5,860,991.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warburg Pincus Llc sold 9,000,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total value of $201,690,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,879,543 shares of company stock valued at $247,145,339. 2.10% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Piper Sandler restated a “neutral” rating and issued a $23.00 target price on shares of Clearwater Analytics in a research note on Monday, September 9th. Oppenheimer boosted their target price on Clearwater Analytics from $25.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Morgan Stanley boosted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their target price on Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, Citigroup began coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.
Get Our Latest Stock Report on CWAN
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.
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