HighTower Advisors LLC Makes New $237,000 Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

HighTower Advisors LLC acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,400 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in Clearwater Analytics in the third quarter valued at $45,000. Financial Management Professionals Inc. bought a new stake in shares of Clearwater Analytics during the 3rd quarter valued at about $58,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after buying an additional 2,425 shares during the period. Amalgamated Bank bought a new position in Clearwater Analytics in the second quarter worth about $90,000. Finally, Advisors Asset Management Inc. lifted its holdings in Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after buying an additional 995 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CWAN shares. Royal Bank of Canada upped their target price on Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Morgan Stanley increased their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Oppenheimer boosted their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Finally, Piper Sandler lifted their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.89.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the transaction, the chief executive officer now owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. The trade was a 23.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20. Following the transaction, the executive now owns 6,373 shares in the company, valued at $161,746.74. This represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,942 shares of company stock worth $5,972,366 in the last three months. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Up 1.2 %

Shares of NYSE CWAN opened at $28.52 on Wednesday. The firm’s 50 day moving average price is $29.12 and its 200-day moving average price is $24.68. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $7.05 billion, a PE ratio of 2,854.85, a P/E/G ratio of 10.57 and a beta of 0.69.

Clearwater Analytics Company 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.