Intech Investment Management LLC Buys Shares of 28,411 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Intech Investment Management LLC bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 28,411 shares of the company’s stock, valued at approximately $717,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CWAN. Advisors Asset Management Inc. boosted its holdings in Clearwater Analytics by 268.8% in the first 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 in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Clearwater Analytics in the third quarter worth about $45,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics in the third quarter worth about $58,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Clearwater Analytics by 124.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after acquiring an additional 2,425 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in Clearwater Analytics in the second quarter worth about $90,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Piper Sandler lifted their target price on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $31.00 to $35.00 in a report on Friday, November 8th. Morgan Stanley lifted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Finally, Citigroup assumed coverage on Clearwater Analytics in a report on Monday, August 19th. They set a “buy” rating and a $28.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.11.

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 directly owns 219,044 shares in the company, valued at $6,645,794.96. The trade was a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 owns 4,844 shares of the company’s stock, valued at $115,045. This trade represents a 44.54 % decrease in their ownership of the stock. 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. 4.60% of the stock is owned by company insiders.

Clearwater Analytics Trading Down 0.4 %

Shares of NYSE:CWAN opened at $31.04 on Friday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The company has a market capitalization of $7.67 billion, a PE ratio of 3,107.11, a PEG ratio of 11.13 and a beta of 0.61. The business has a 50 day moving average of $27.69 and a two-hundred day moving average of $23.32. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

About Clearwater Analytics

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.