R Squared Ltd Acquires Shares of 2,901 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

R Squared Ltd bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,901 shares of the company’s stock, valued at approximately $80,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CWAN. GAMMA Investing LLC raised its holdings in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics in the 3rd quarter valued at about $45,000. Financial Management Professionals Inc. bought a new position in shares of Clearwater Analytics during the third quarter worth about $58,000. Nisa Investment Advisors LLC grew its stake in Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after purchasing an additional 1,987 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Clearwater Analytics by 38.6% in 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 hedge funds and other institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $30.34, for a total transaction of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares of the company’s stock, valued at approximately $6,645,794.96. This trade represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the sale, the executive now owns 6,373 shares in the company, valued at approximately $199,729.82. This represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 253,052 shares of company stock worth $7,182,724. 4.60% of the stock is owned by company insiders.

Clearwater Analytics Trading Down 1.0 %

Shares of NYSE:CWAN opened at $28.18 on Friday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $28.66 and its 200 day moving average price is $26.32. The company has a market cap of $6.96 billion, a PE ratio of 2,820.82, a P/E/G ratio of 7.71 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research 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 for the company in a research note on Tuesday, January 14th. Oppenheimer raised their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Finally, Piper Sandler raised their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Clearwater Analytics currently has a consensus 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.