Principal Financial Group Inc. Has $2.14 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Principal Financial Group Inc. boosted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 348.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,793 shares of the company’s stock after buying an additional 65,878 shares during the period. Principal Financial Group Inc.’s holdings in Clearwater Analytics were worth $2,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CWAN. Advisors Asset Management Inc. increased its stake in Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after acquiring an additional 1,234 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in Clearwater Analytics during the third quarter valued at approximately $45,000. Financial Management Professionals Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter valued at approximately $58,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Clearwater Analytics by 124.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after buying an additional 2,425 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of Clearwater Analytics during the 2nd quarter worth approximately $90,000. Institutional investors own 50.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank of Canada upped their price target on Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley lifted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Citigroup started coverage on Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 price target on the stock. Oppenheimer lifted their price objective on Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, DA Davidson cut Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $35.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.11.

Clearwater Analytics Trading Up 0.5 %

Shares of CWAN opened at $31.91 on Friday. The stock’s fifty day simple moving average is $26.99 and its 200-day simple moving average is $22.84. 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 has a market capitalization of $7.88 billion, a PE ratio of 3,183.18, a price-to-earnings-growth ratio of 11.01 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the transaction, the executive now directly owns 6,373 shares in the company, valued at $199,729.82. This trade represents a 37.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the completion of the sale, the chief financial officer now owns 219,044 shares of the company’s stock, valued at $6,645,794.96. This represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,852,086 shares of company stock worth $44,971,367. Company insiders own 3.25% of the company’s stock.

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.