7,943 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Bought by Connable Office Inc.

Connable Office Inc. acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,943 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank increased its stake in Clearwater Analytics by 21.4% in the 1st quarter. Swiss National Bank now owns 288,300 shares of the company’s stock valued at $5,100,000 after buying an additional 50,800 shares during the last quarter. Blair William & Co. IL increased its stake in Clearwater Analytics by 89.5% in the 1st quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock valued at $739,000 after buying an additional 19,717 shares during the last quarter. Vanguard Group Inc. increased its stake in Clearwater Analytics by 17.2% in the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after buying an additional 2,219,459 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in Clearwater Analytics by 31.7% in the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock valued at $5,860,000 after buying an additional 79,707 shares during the last quarter. Finally, MQS Management LLC increased its stake in Clearwater Analytics by 17.4% in the 1st quarter. MQS Management LLC now owns 13,471 shares of the company’s stock valued at $238,000 after buying an additional 1,995 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $30.50 on Friday. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 3,050.00, a PEG ratio of 11.29 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a 50-day simple moving average of $26.42 and a 200 day simple moving average of $22.45. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CWAN shares. Citigroup started coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective for the company. DA Davidson downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $31.00 to $35.00 in a research report on Friday, November 8th. Morgan Stanley lifted their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price objective 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, Wells Fargo & Company lifted their price objective on shares of Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.67.

Insider Buying and Selling

In other Clearwater Analytics news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.18, for a total value of $43,144,760.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Subi Sethi sold 21,497 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total transaction of $522,377.10. Following the completion of the sale, the insider now directly owns 81,812 shares of the company’s stock, valued at $1,988,031.60. This represents a 20.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,854,883 shares of company stock valued at $44,926,386. Company insiders own 3.25% of the company’s stock.

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.