Conestoga Capital Advisors LLC Has $185.78 Million Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Conestoga Capital Advisors LLC trimmed its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,750,577 shares of the company’s stock after selling 27,880 shares during the period. Clearwater Analytics makes up about 2.5% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Conestoga Capital Advisors LLC’s holdings in Clearwater Analytics were worth $185,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CWAN. Champlain Investment Partners LLC acquired a new stake in Clearwater Analytics during the 3rd quarter worth $53,559,000. State Street Corp lifted its position in shares of Clearwater Analytics by 38.7% in the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after purchasing an additional 1,009,548 shares in the last quarter. Wasatch Advisors LP grew its position in Clearwater Analytics by 3.2% in the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after purchasing an additional 559,564 shares in the last quarter. Stephens Investment Management Group LLC acquired a new stake in Clearwater Analytics in the 3rd quarter valued at $11,071,000. Finally, Emerald Advisers LLC bought a new position in shares of Clearwater Analytics in the 3rd quarter valued at about $10,150,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Activity

In other news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total value of $503,778.00. Following the completion of the sale, the chief financial officer now owns 279,857 shares in the company, valued at $7,539,347.58. The trade was a 6.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the sale, the executive now owns 6,373 shares of the company’s stock, 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. In the last ninety days, insiders sold 253,052 shares of company stock worth $7,182,724. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $28.18 on Monday. 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 firm has a market capitalization of $6.96 billion, a PE ratio of 2,820.82, a price-to-earnings-growth ratio of 7.57 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The stock’s 50-day simple moving average is $28.66 and its 200 day simple moving average is $26.42.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their target price for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Morgan Stanley upgraded shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $30.00 to $34.00 in a research note on Friday, January 17th. Wells Fargo & Company raised their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reduced their target price on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

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.