Natixis Advisors LLC Has $1.80 Million Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Natixis Advisors LLC raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 59.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 71,260 shares of the company’s stock after acquiring an additional 26,506 shares during the period. Natixis Advisors LLC’s holdings in Clearwater Analytics were worth $1,799,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in Clearwater Analytics by 268.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after acquiring an additional 1,234 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Clearwater Analytics in the third quarter valued at approximately $45,000. Financial Management Professionals Inc. purchased a new position in shares of Clearwater Analytics during the third quarter valued at approximately $58,000. Benjamin F. Edwards & Company Inc. grew 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 buying an additional 2,425 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in Clearwater Analytics in the 2nd quarter valued at $90,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $32.38 on Tuesday. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 3,243.24, a price-to-earnings-growth ratio of 11.41 and a beta of 0.61. The stock has a fifty day simple moving average of $27.15 and a two-hundred day simple moving average of $23.01. 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 1-year low of $15.62 and a 1-year high of $35.71.

Wall Street Analyst Weigh In

CWAN has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Piper Sandler increased their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Citigroup started coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 target price on the stock. Morgan Stanley upped their target price on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price target on Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One 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 currently has a consensus rating of “Hold” and an average target price of $31.11.

Insider Buying and Selling

In other news, CFO James S. Cox sold 18,700 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at $5,860,991.04. This trade represents a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction 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 sale, the executive now owns 4,844 shares in the company, valued at approximately $115,045. The trade was a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,770 shares of company stock valued at $1,826,606. 4.60% of the stock is owned by insiders.

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.