Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Scalar Gauge Management LLC

Scalar Gauge Management LLC boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 35.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 566,985 shares of the company’s stock after acquiring an additional 147,985 shares during the period. Clearwater Analytics makes up approximately 7.6% of Scalar Gauge Management LLC’s portfolio, making the stock its 2nd largest position. Scalar Gauge Management LLC’s holdings in Clearwater Analytics were worth $14,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hood River Capital Management LLC purchased a new position in Clearwater Analytics in the 2nd quarter valued at $43,280,000. Champlain Investment Partners LLC purchased a new position in shares of Clearwater Analytics in the third quarter worth about $53,559,000. Stephens Investment Management Group LLC purchased a new position in shares of Clearwater Analytics in the third quarter worth about $11,071,000. Emerald Advisers LLC acquired a new position in Clearwater Analytics during the third quarter worth about $10,150,000. Finally, Bank of New York Mellon Corp grew its stake in Clearwater Analytics by 66.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 956,527 shares of the company’s stock valued at $17,715,000 after acquiring an additional 380,154 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. DA Davidson lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their target price for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted 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. Finally, Morgan Stanley raised their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. 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 stock has a consensus rating of “Hold” and a consensus target price of $31.11.

Clearwater Analytics Trading Down 0.4 %

Shares of CWAN stock opened at $31.04 on Friday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The firm has a market cap of $7.67 billion, a PE ratio of 3,107.11, a price-to-earnings-growth ratio of 11.13 and a beta of 0.61. The company has a 50-day moving average of $27.69 and a two-hundred day moving average of $23.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $24.44, for a total transaction of $457,028.00. Following the transaction, the chief financial officer now owns 227,503 shares of the company’s stock, valued at approximately $5,560,173.32. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the transaction, the executive now directly owns 4,844 shares of the company’s stock, valued at approximately $115,045. This represents a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,770 shares of company stock worth $1,826,606. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics 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.