Oppenheimer Asset Management Inc. Has $4.34 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Oppenheimer Asset Management Inc. boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 3.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,998 shares of the company’s stock after buying an additional 5,116 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.07% of Clearwater Analytics worth $4,343,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Swiss National Bank boosted its stake in shares of 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 purchasing an additional 50,800 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of 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 purchasing an additional 19,717 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 2,219,459 shares in the last quarter. Thornburg Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 79,707 shares in the last quarter. Finally, MQS Management LLC boosted its stake in shares of 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 purchasing an additional 1,995 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics 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 sale, the executive now owns 4,844 shares of the company’s stock, valued at approximately $115,045. This trade represents a 44.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of Clearwater Analytics stock in a transaction on Monday, August 26th. The shares were sold at an average price of $24.18, for a total transaction of $43,144,760.88. The disclosure for this sale can be found here. Insiders sold 1,854,883 shares of company stock worth $44,926,386 in the last quarter. 3.25% of the stock is owned by corporate insiders.

Clearwater Analytics Stock Up 0.2 %

Clearwater Analytics stock opened at $30.50 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The firm has a 50 day moving average price of $26.42 and a two-hundred day moving average price of $22.45. The firm has a market cap 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.

Analysts Set New Price Targets

CWAN has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Citigroup initiated coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 target price on the stock. Oppenheimer lifted their target price 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. Piper Sandler lifted their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, DA Davidson downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.67.

About Clearwater Analytics

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.