Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Fmr LLC

Fmr LLC grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 171.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,169 shares of the company’s stock after purchasing an additional 5,790 shares during the quarter. Fmr LLC’s holdings in Clearwater Analytics were worth $232,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Clearwater Analytics by 1.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,374,673 shares of the company’s stock valued at $210,659,000 after acquiring an additional 128,402 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Clearwater Analytics by 0.6% during the second quarter. William Blair Investment Management LLC now owns 10,430,794 shares of the company’s stock valued at $193,178,000 after purchasing an additional 66,528 shares during the period. Conestoga Capital Advisors LLC raised its stake in shares of Clearwater Analytics by 1.6% during the third quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock valued at $171,156,000 after purchasing an additional 107,210 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Clearwater Analytics by 11.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock worth $83,186,000 after purchasing an additional 327,880 shares during the period. Finally, Hood River Capital Management LLC bought a new position in Clearwater Analytics in the 2nd quarter valued at about $43,280,000. Institutional investors own 50.10% of the company’s stock.

Insiders Place Their Bets

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on 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 sale, the executive now owns 6,373 shares of the company’s stock, valued at $161,746.74. This trade represents a 37.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at approximately $5,860,991.04. This represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,942 shares of company stock worth $5,972,366 over the last ninety days. 4.60% of the stock is currently owned by company insiders.

Clearwater Analytics Stock Up 2.8 %

Shares of Clearwater Analytics stock opened at $28.70 on Friday. The stock’s fifty day moving average is $29.03 and its 200-day moving average is $24.53. The firm has a market capitalization of $7.09 billion, a PE ratio of 2,872.87, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

A number of research firms have commented on CWAN. Royal Bank of Canada boosted their price target on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Morgan Stanley increased their price target on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price objective on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Oppenheimer upped their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.89.

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.