Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Position Boosted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 189.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,269,121 shares of the company’s stock after purchasing an additional 830,684 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Clearwater Analytics were worth $34,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Jennison Associates LLC purchased a new stake in Clearwater Analytics in the 4th quarter worth approximately $1,138,000. Spire Wealth Management acquired a new position in shares of Clearwater Analytics in the fourth quarter worth $534,000. Robeco Institutional Asset Management B.V. acquired a new stake in Clearwater Analytics during the fourth quarter valued at $3,437,000. R Squared Ltd purchased a new position in Clearwater Analytics in the fourth quarter valued at about $80,000. Finally, Moody Aldrich Partners LLC increased its position in Clearwater Analytics by 32.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company’s stock worth $10,634,000 after purchasing an additional 94,454 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.34, for a total value of $567,358.00. Following the completion of the transaction, the chief financial officer now owns 219,044 shares of the company’s stock, valued at $6,645,794.96. This represents a 7.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the sale, the executive now directly owns 6,373 shares in the company, valued at $199,729.82. The trade was a 37.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,052 shares of company stock worth $7,182,724. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN opened at $28.64 on Friday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company has a market cap of $7.07 billion, a P/E ratio of 2,866.87, a P/E/G ratio of 7.82 and a beta of 0.72. The business’s 50 day moving average is $28.36 and its two-hundred day moving average is $26.63. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CWAN. The Goldman Sachs Group boosted their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley upgraded shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $34.00 in a research note on Friday, January 17th. Piper Sandler raised their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada lowered their target price on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Clearwater Analytics currently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

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.