Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Holdings Increased by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,827 shares of the company’s stock after buying an additional 395 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Clearwater Analytics were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CWAN. Advisors Asset Management Inc. increased its stake 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 during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in Clearwater Analytics in the 3rd quarter valued at approximately $45,000. Financial Management Professionals Inc. bought a new stake in Clearwater Analytics in the third quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. grew its position in Clearwater Analytics by 124.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after acquiring an additional 2,425 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in Clearwater Analytics in the second quarter worth approximately $90,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Down 4.0 %

Shares of NYSE CWAN opened at $29.79 on Wednesday. The firm has a market capitalization of $7.34 billion, a PE ratio of 2,981.98, a price-to-earnings-growth ratio of 11.56 and a beta of 0.61. The company has a current ratio of 4.66, a quick ratio of 4.78 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm’s 50-day moving average is $26.02 and its 200-day moving average is $22.23.

Insider Buying and Selling

In related news, insider Subi Sethi sold 21,497 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total transaction of $522,377.10. Following the transaction, the insider now owns 81,812 shares of the company’s stock, valued at $1,988,031.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Clearwater Analytics news, CFO James S. Cox sold 13,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total transaction of $323,868.00. Following the sale, the chief financial officer now directly owns 232,503 shares in the company, valued at approximately $5,496,370.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Subi Sethi sold 21,497 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total transaction of $522,377.10. Following the sale, the insider now owns 81,812 shares in the company, valued at $1,988,031.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,864,693 shares of company stock valued at $45,128,342 in the last 90 days. 3.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on CWAN. Citigroup initiated coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. The Goldman Sachs Group upped their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Oppenheimer upped their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, Morgan Stanley upped their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.67.

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.