Creative Planning Buys Shares of 19,989 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Creative Planning purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,989 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds also recently modified their holdings of CWAN. Advisors Asset Management Inc. boosted its stake 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 worth $30,000 after purchasing an additional 1,234 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after purchasing an additional 2,425 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Clearwater Analytics during the 2nd quarter worth about $90,000. Point72 Asset Management L.P. acquired a new stake in shares of Clearwater Analytics during the 2nd quarter worth about $91,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $117,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Clearwater Analytics news, Director Warburg Pincus Llc sold 9,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total transaction of $201,690,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Warburg Pincus Llc sold 9,000,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total transaction of $201,690,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James S. Cox sold 13,700 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $323,868.00. Following the transaction, the chief financial officer now directly owns 232,503 shares in the company, valued at approximately $5,496,370.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,864,693 shares of company stock worth $246,818,342 over the last ninety days. 3.46% of the stock is owned by company insiders.

Clearwater Analytics Price Performance

CWAN opened at $26.96 on Wednesday. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $27.65. The company has a 50 day moving average of $25.39 and a two-hundred day moving average of $21.73. The company has a market cap of $6.64 billion, a P/E ratio of -1,348.00, a P/E/G ratio of 9.53 and a beta of 0.61.

Analyst Ratings Changes

Several equities research analysts have issued reports on CWAN shares. Piper Sandler reaffirmed a “neutral” rating and set a $23.00 price target on shares of Clearwater Analytics in a research note on Monday, September 9th. Wells Fargo & Company boosted their target price on shares of Clearwater Analytics from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Oppenheimer boosted their target price on shares of Clearwater Analytics from $25.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Finally, Citigroup initiated coverage on shares of Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

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.