Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 41.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,027,946 shares of the company’s stock after selling 2,112,043 shares during the period. JPMorgan Chase & Co. owned approximately 1.23% of Clearwater Analytics worth $76,456,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CWAN. Chartwell Investment Partners LLC increased its stake in shares of Clearwater Analytics by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after acquiring an additional 395 shares during the period. IHT Wealth Management LLC raised its stake in shares of Clearwater Analytics by 5.5% during the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after buying an additional 598 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Clearwater Analytics by 1.6% in the second quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after buying an additional 680 shares in the last quarter. Arizona State Retirement System raised its position in Clearwater Analytics by 2.1% in the second quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock worth $757,000 after acquiring an additional 828 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 139,172 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the transaction, the chief executive officer now owns 441,724 shares of the company’s stock, valued at $12,783,492.56. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total value of $489,192.00. Following the sale, the chief financial officer now owns 224,044 shares of the company’s stock, valued at approximately $5,860,991.04. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,942 shares of company stock worth $5,972,366 over the last quarter. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Stock Up 2.4 %

Shares of NYSE CWAN opened at $27.86 on Friday. The firm’s 50 day moving average price is $29.30 and its 200 day moving average price is $25.07. 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 firm has a market cap of $6.88 billion, a P/E ratio of 2,788.79, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71.

Wall Street Analyst Weigh In

CWAN has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Morgan Stanley upped their price target on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. Piper Sandler lifted their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Oppenheimer increased their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.89.

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.