Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP lessened its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 77.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,589 shares of the company’s stock after selling 122,242 shares during the period. Cinctive Capital Management LP’s holdings in Clearwater Analytics were worth $899,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter valued at approximately $45,000. Financial Management Professionals Inc. purchased a new stake in Clearwater Analytics in the 3rd quarter valued at $58,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Clearwater Analytics by 124.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after acquiring an additional 2,425 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Clearwater Analytics during the 2nd quarter worth $90,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after acquiring an additional 995 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Down 4.7 %

CWAN stock opened at $29.63 on Wednesday. The company’s 50 day moving average price is $27.99 and its 200 day moving average price is $23.63. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 2,965.97, a PEG ratio of 11.10 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Wall Street Analyst Weigh In

CWAN has been the topic of a number of analyst 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 note on Thursday, November 7th. Piper Sandler upped their price objective on Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target 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. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, Oppenheimer raised their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.67.

Insiders Place Their Bets

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the sale, the executive now owns 4,844 shares in the company, valued at $115,045. The trade was a 44.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the completion of the transaction, the chief financial officer now owns 219,044 shares in the company, valued at $6,645,794.96. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,770 shares of company stock worth $1,826,606 in the last 90 days. Corporate insiders own 4.60% of the company’s stock.

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.