State of New Jersey Common Pension Fund D Has $2.07 Million Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

State of New Jersey Common Pension Fund D lessened its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 13.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 81,763 shares of the company’s stock after selling 12,983 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Clearwater Analytics were worth $2,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CWAN. Blair William & Co. IL raised its holdings in Clearwater Analytics by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after acquiring an additional 680 shares during the period. Arizona State Retirement System boosted its stake in Clearwater Analytics by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock valued at $757,000 after purchasing an additional 828 shares during the period. Advisors Asset Management Inc. grew its holdings 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 buying an additional 1,234 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Clearwater Analytics during the 3rd quarter worth $45,000. Finally, RiverPark Advisors LLC lifted its holdings in shares of Clearwater Analytics by 33.1% during the second quarter. RiverPark Advisors LLC now owns 7,140 shares of the company’s stock worth $132,000 after buying an additional 1,774 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $30.50 on Friday. The business has a fifty day simple moving average of $26.42 and a 200 day simple moving average of $22.45. The company has a market cap of $7.51 billion, a P/E ratio of 3,050.00, a P/E/G ratio of 11.29 and a beta of 0.61. 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 twelve month low of $15.62 and a twelve month high of $35.71.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated 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 in the company, valued at approximately $5,860,991.04. This trade represents a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the sale, the executive now directly owns 6,373 shares in the company, valued at $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 90 days, insiders sold 1,854,883 shares of company stock valued at $44,926,386. 3.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CWAN shares. Wells Fargo & Company raised their price target on shares of Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. 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. Morgan Stanley raised their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their target price for the company from $31.00 to $35.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada raised their price target on Clearwater Analytics from $28.00 to $32.00 and gave the stock an “outperform” rating in a research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.