Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 26.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,582 shares of the company’s stock after selling 6,727 shares during the period. GSA Capital Partners LLP’s holdings in Clearwater Analytics were worth $469,000 as of its most recent SEC filing.

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

Insider Activity at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the 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 in the company, valued at approximately $6,645,794.96. This trade represents a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the transaction, the executive now directly owns 4,844 shares of the company’s stock, valued at $115,045. This trade represents a 44.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,852,086 shares of company stock worth $44,971,367. Company insiders own 3.25% of the company’s stock.

Clearwater Analytics Stock Up 0.3 %

CWAN stock opened at $30.90 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a 50-day moving average of $26.82 and a two-hundred day moving average of $22.78. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 3,090.00, a price-to-earnings-growth ratio of 10.89 and a beta of 0.61.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Morgan Stanley increased their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Oppenheimer increased 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. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Finally, DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their price objective for the company from $31.00 to $35.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and an average price target of $30.67.

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.