Glenmede Trust Co. NA Increases Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Glenmede Trust Co. NA raised its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 129.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,828 shares of the company’s stock after buying an additional 39,343 shares during the period. Glenmede Trust Co. NA’s holdings in Clearwater Analytics were worth $1,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in shares of Clearwater Analytics by 171.4% in the third quarter. FMR LLC now owns 9,169 shares of the company’s stock valued at $232,000 after purchasing an additional 5,790 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Clearwater Analytics by 2.8% in the third quarter. Quantbot Technologies LP now owns 82,323 shares of the company’s stock worth $2,079,000 after acquiring an additional 2,225 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Clearwater Analytics by 6.4% during the third quarter. The Manufacturers Life Insurance Company now owns 79,809 shares of the company’s stock worth $2,015,000 after acquiring an additional 4,821 shares during the period. Associated Banc Corp acquired a new stake in shares of Clearwater Analytics in the third quarter valued at $283,000. Finally, Loomis Sayles & Co. L P boosted 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 valued at $83,186,000 after purchasing an additional 327,880 shares during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $31.04 on Monday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 3,104.00, a PEG ratio of 11.09 and a beta of 0.61. The firm’s fifty day simple moving average is $27.80 and its 200-day simple moving average is $23.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Analysts Set New Price Targets

Several analysts recently weighed in on CWAN shares. Wells Fargo & Company raised their target price on shares of Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price objective on Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Oppenheimer boosted their target price on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. DA Davidson lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their price target for the company from $31.00 to $35.00 in a research note on Friday, November 8th. Finally, Piper Sandler boosted their price objective 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. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.11.

Insider Activity

In other news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. The trade was a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the sale, the executive now owns 4,844 shares of the company’s stock, valued at approximately $115,045. The trade was a 44.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,770 shares of company stock valued at $1,826,606. Insiders own 4.60% of the company’s stock.

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.