GAMMA Investing LLC Increases Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

GAMMA Investing LLC lifted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 57.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,284 shares of the company’s stock after buying an additional 468 shares during the period. GAMMA Investing LLC’s holdings in Clearwater Analytics were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics during the third quarter worth about $45,000. Financial Management Professionals Inc. purchased a new stake in Clearwater Analytics during the third quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Clearwater Analytics by 124.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after buying an additional 2,425 shares during the last quarter. Amalgamated Bank purchased a new stake in Clearwater Analytics in the second quarter valued at approximately $90,000. Finally, Advisors Asset Management Inc. boosted its stake in 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 during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Up 2.2 %

NYSE:CWAN opened at $26.48 on Wednesday. The firm has a market capitalization of $6.54 billion, a PE ratio of 2,650.65, a price-to-earnings-growth ratio of 10.56 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. 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 stock has a 50 day moving average of $29.35 and a 200-day moving average of $25.50.

Analyst Ratings Changes

CWAN has been the topic of several analyst reports. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their target price for the company from $35.00 to $32.00 in a research note on Tuesday. Wells Fargo & Company lifted their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.89.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total value of $4,027,637.68. Following the transaction, the chief executive officer now owns 441,724 shares in the company, valued at approximately $12,783,492.56. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company’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 sale, the chief financial officer now owns 214,044 shares of the company’s stock, valued at approximately $6,346,404.60. This trade represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,352 shares of company stock valued at $5,384,446 in the last three months. 4.60% of the stock is currently owned by corporate insiders.

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.