Stifel Financial Corp Boosts Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Stifel Financial Corp boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 186,227 shares of the company’s stock after acquiring an additional 10,378 shares during the period. Stifel Financial Corp owned 0.08% of Clearwater Analytics worth $4,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics during the 3rd quarter valued at about $45,000. Financial Management Professionals Inc. purchased a new stake in Clearwater Analytics in the third quarter worth about $58,000. Benjamin F. Edwards & Company Inc. boosted its position in Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after acquiring an additional 2,425 shares in the last quarter. Amalgamated Bank bought a new stake in Clearwater Analytics during the 2nd quarter valued at approximately $90,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of 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 acquiring an additional 995 shares during the period. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the sale, the chief executive officer now directly owns 441,724 shares in the company, valued at approximately $12,783,492.56. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the completion of the transaction, the executive now directly owns 6,373 shares of the company’s stock, valued at approximately $161,746.74. This trade represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,242 shares of company stock worth $5,417,911 in the last three months. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Down 1.8 %

Shares of Clearwater Analytics stock opened at $29.56 on Monday. The company has a 50-day simple moving average of $28.69 and a two-hundred day simple moving average of $24.22. The stock has a market capitalization of $7.30 billion, a PE ratio of 2,956.00, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Analyst Ratings Changes

CWAN has been the topic of several research reports. 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 research report on Thursday, November 7th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $33.00 in a report on Thursday, November 7th. DA Davidson downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.89.

About Clearwater Analytics

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.