Champlain Investment Partners LLC Buys Shares of 2,121,155 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Champlain Investment Partners LLC purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,121,155 shares of the company’s stock, valued at approximately $53,559,000. Champlain Investment Partners LLC owned approximately 0.86% of Clearwater Analytics at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Clearwater Analytics by 17.2% in the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock worth $267,676,000 after purchasing an additional 2,219,459 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Clearwater Analytics by 1.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,374,673 shares of the company’s stock worth $210,659,000 after buying an additional 128,402 shares during the period. William Blair Investment Management LLC grew its position in shares of Clearwater Analytics by 0.6% in the 2nd quarter. William Blair Investment Management LLC now owns 10,430,794 shares of the company’s stock valued at $193,178,000 after buying an additional 66,528 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Clearwater Analytics by 1.6% during the third quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock worth $171,156,000 after acquiring an additional 107,210 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in shares of Clearwater Analytics in the second quarter worth approximately $43,280,000. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

CWAN opened at $31.91 on Friday. The firm’s fifty day moving average price is $26.99 and its two-hundred day moving average price is $22.84. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 3,194.19, a P/E/G ratio of 11.34 and a beta of 0.61. 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 1 year low of $15.62 and a 1 year high of $35.71.

Wall Street Analyst Weigh In

A number of analysts have commented on CWAN shares. Royal Bank of Canada upped their price target on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday. Piper Sandler raised their target price on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Citigroup initiated coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 price target on the stock. Oppenheimer raised their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley boosted 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 report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.11.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 219,044 shares of the company’s stock, valued at approximately $6,645,794.96. The trade was a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction on 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 owns 4,844 shares of the company’s stock, valued at $115,045. This trade represents a 44.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,852,086 shares of company stock worth $44,971,367. 3.25% of the stock is owned by insiders.

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.