Stephens Inc. AR Makes New $220,000 Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Stephens Inc. AR bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,977 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Clearwater Analytics in the 3rd quarter valued at $45,000. Financial Management Professionals Inc. bought a new position in shares of Clearwater Analytics in the 3rd quarter worth $58,000. R Squared Ltd bought a new position in shares of Clearwater Analytics in the 4th quarter worth $80,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after purchasing an additional 1,987 shares during the period. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Trading Down 3.1 %

CWAN opened at $26.89 on Monday. The stock has a market capitalization of $6.64 billion, a P/E ratio of 2,691.19, a P/E/G ratio of 7.82 and a beta of 0.72. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The firm’s fifty day simple moving average is $28.11 and its 200 day simple moving average is $26.98.

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $29.65, for a total transaction of $554,455.00. Following the completion of the transaction, the chief financial officer now directly owns 214,044 shares of the company’s stock, valued at $6,346,404.60. This trade represents a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $29.07, for a total transaction of $113,082.30. Following the completion of the sale, the executive now owns 6,373 shares in the company, valued at $185,263.11. This trade represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 280,462 shares of company stock valued at $7,874,953 in the last 90 days. 4.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Morgan Stanley raised shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. Finally, The Goldman Sachs Group upped their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

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.