Geode Capital Management LLC boosted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,512,511 shares of the company's stock after buying an additional 187,881 shares during the period. Geode Capital Management LLC owned approximately 1.43% of Clearwater Analytics worth $88,710,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of CWAN. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter valued at $45,000. Financial Management Professionals Inc. purchased a new stake in Clearwater Analytics in the 3rd quarter worth about $58,000. Benjamin F. Edwards & Company Inc. lifted its stake 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 purchasing an additional 2,425 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Clearwater Analytics during the second quarter valued at approximately $90,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Clearwater Analytics by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock valued at $90,000 after buying an additional 995 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.
NYSE:CWAN opened at $27.92 on Friday. 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. The company has a 50-day moving average of $28.92 and a 200 day moving average of $24.40. The firm has a market cap of $6.90 billion, a PE ratio of 2,794.79, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69.
CWAN has been the subject of a number of research analyst reports. DA Davidson lowered Clearwater Analytics from a "buy" rating to a "neutral" rating and raised their price target for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. Wells Fargo & Company increased their target price on Clearwater Analytics from $33.00 to $35.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Piper Sandler raised their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, 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 report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $31.89.
Read Our Latest Stock Analysis on Clearwater Analytics
In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total value of $489,192.00. Following the transaction, the chief financial officer now owns 224,044 shares in the company, valued at $5,860,991.04. The trade was a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20. Following the sale, the executive now directly owns 6,373 shares of the company's stock, valued at approximately $161,746.74. The trade was a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,942 shares of company stock worth $5,972,366. 4.60% of the stock is currently owned by corporate insiders.
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.
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