Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 189.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,269,121 shares of the company’s stock after buying an additional 830,684 shares during the quarter. Stephens Investment Management Group LLC owned about 0.51% of Clearwater Analytics worth $34,926,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Jennison Associates LLC acquired a new stake in shares of Clearwater Analytics during the 4th quarter valued at approximately $1,138,000. Spire Wealth Management acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $534,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Clearwater Analytics in the 4th quarter worth about $3,437,000. R Squared Ltd acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at about $80,000. Finally, Moody Aldrich Partners LLC grew its position in shares of Clearwater Analytics by 32.4% during the 4th quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company’s stock valued at $10,634,000 after buying an additional 94,454 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $28.64 on Friday. The stock’s 50 day moving average price is $28.36 and its 200 day moving average price is $26.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 2,866.87, a PEG ratio of 7.82 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the sale, the executive now directly owns 6,373 shares of the company’s stock, valued at $199,729.82. This represents a 37.90 % 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, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 219,044 shares in the company, valued at approximately $6,645,794.96. This trade represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 253,052 shares of company stock worth $7,182,724. 4.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CWAN. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their target price for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Piper Sandler increased their target price on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer boosted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada reduced 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

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.