Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 174.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,128 shares of the company’s stock after buying an additional 1,987 shares during the period. Nisa Investment Advisors LLC’s holdings in Clearwater Analytics were worth $86,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWAN. Jackson Square Capital LLC acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $558,000. Park Avenue Securities LLC acquired a new position in Clearwater Analytics in the 4th quarter worth approximately $345,000. GAMMA Investing LLC grew its position in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares in the last quarter. Principal Financial Group Inc. raised its stake in Clearwater Analytics by 348.3% during the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock valued at $2,141,000 after purchasing an additional 65,878 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Clearwater Analytics by 30.4% in the third quarter. Sanctuary Advisors LLC now owns 21,126 shares of the company’s stock valued at $533,000 after purchasing an additional 4,923 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics 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 transaction, the executive now owns 6,373 shares of the company’s stock, valued at $199,729.82. This trade represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total transaction of $503,778.00. Following the sale, the chief financial officer now directly owns 279,857 shares of the company’s stock, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 253,052 shares of company stock worth $7,182,724. Corporate insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

CWAN has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price target on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley raised shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, Oppenheimer lifted their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $28.46 on Friday. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 2,848.55, a price-to-earnings-growth ratio of 7.66 and a beta of 0.72. The company’s fifty day moving average is $28.73 and its 200-day moving average is $26.26. The company has a quick ratio of 4.66, a current 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.

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.