Atom Investors LP Buys 10,538 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Atom Investors LP grew its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 20.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,227 shares of the company’s stock after buying an additional 10,538 shares during the quarter. Atom Investors LP’s holdings in Clearwater Analytics were worth $1,571,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Chartwell Investment Partners LLC lifted its position in Clearwater Analytics by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after acquiring an additional 395 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Clearwater Analytics by 1.6% in the second quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after purchasing an additional 680 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Clearwater Analytics by 2.1% in the second quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock valued at $757,000 after purchasing an additional 828 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Clearwater Analytics by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after buying an additional 995 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of Clearwater Analytics by 7.7% during the third quarter. Captrust Financial Advisors now owns 14,319 shares of the company’s stock worth $362,000 after buying an additional 1,026 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Piper Sandler boosted their target price on Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer increased their target price on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a 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 price target on the stock. Morgan Stanley raised their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company upped their target price on Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.11.

Insider Buying and Selling at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics 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 directly 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 is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $24.44, for a total value of $457,028.00. Following the completion of the transaction, the chief financial officer now directly owns 227,503 shares in the company, valued at approximately $5,560,173.32. This represents a 7.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,770 shares of company stock valued at $1,826,606 in the last quarter. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Stock Performance

CWAN opened at $31.08 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The business has a 50 day moving average of $27.91 and a 200-day moving average of $23.55. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 3,108.00, a PEG ratio of 11.09 and a beta of 0.61.

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.