Fmr LLC Increases Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Fmr LLC increased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 171.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,169 shares of the company’s stock after buying an additional 5,790 shares during the period. Fmr LLC’s holdings in Clearwater Analytics were worth $232,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics in the 3rd quarter valued at about $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. boosted its position 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 acquiring an additional 2,425 shares during the last quarter. Amalgamated Bank acquired a new stake in Clearwater Analytics during the second quarter worth approximately $90,000. Finally, Advisors Asset Management Inc. grew its stake in Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after acquiring an additional 995 shares during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on CWAN shares. Piper Sandler increased 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. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Morgan Stanley increased their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, DA Davidson downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $35.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.89.

Clearwater Analytics Stock Up 2.8 %

Shares of Clearwater Analytics stock opened at $28.70 on Friday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 2,872.87, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $29.03 and a 200 day moving average price of $24.53.

Insider Activity

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $29.65, for a total value of $554,455.00. Following the completion of the transaction, the chief financial officer now owns 214,044 shares of the company’s stock, valued at approximately $6,346,404.60. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the transaction, the executive now directly owns 6,373 shares in the company, valued at approximately $199,729.82. The trade was a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,942 shares of company stock worth $5,972,366. 4.60% of the stock is currently owned by corporate 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.