Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Position Increased by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in Clearwater Analytics by 44.4% in the first quarter, now holding over 2.5 million shares valued at approximately $67.9 million.
• Analyst ratings show a mix of outlooks on Clearwater Analytics, with Oppenheimer lowering its price target to $36.00 while JP Morgan set a higher target of $28.00, indicating varied perceptions of the stock's potential.
• Insider selling has occurred, with CFO James S. Cox selling 18,700 shares, representing a 5.09% drop in his ownership, amidst broader activities where insiders sold over 258,000 shares in the last three months.

Blair William & Co. IL grew its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 44.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,534,270 shares of the company's stock after purchasing an additional 779,538 shares during the period. Blair William & Co. IL owned 1.01% of Clearwater Analytics worth $67,918,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Malaga Cove Capital LLC grew its position in shares of Clearwater Analytics by 3.8% during the 1st quarter. Malaga Cove Capital LLC now owns 24,643 shares of the company's stock valued at $660,000 after buying an additional 900 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Clearwater Analytics by 348.4% in the first quarter. PNC Financial Services Group Inc. now owns 12,341 shares of the company's stock valued at $331,000 after acquiring an additional 9,589 shares during the period. US Bancorp DE grew its holdings in shares of Clearwater Analytics by 35.8% during the first quarter. US Bancorp DE now owns 18,354 shares of the company's stock valued at $492,000 after purchasing an additional 4,836 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Clearwater Analytics by 15.7% during the 1st quarter. Natixis Advisors LLC now owns 88,848 shares of the company's stock worth $2,381,000 after purchasing an additional 12,057 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Clearwater Analytics in the 1st quarter worth approximately $2,625,000. 50.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Oppenheimer lowered their price objective on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Wednesday, June 11th. The Goldman Sachs Group started coverage on shares of Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective on the stock. Piper Sandler set a $27.00 target price on shares of Clearwater Analytics and gave the company an "overweight" rating in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company dropped their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.90.

Insider Activity at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $22.50, for a total transaction of $420,750.00. Following the transaction, the chief financial officer directly owned 348,964 shares in the company, valued at approximately $7,851,690. This trade represents a 5.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen A. Corbet sold 12,634 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total value of $298,920.44. Following the completion of the sale, the director directly owned 14,498 shares in the company, valued at $343,022.68. This represents a 46.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,107 shares of company stock valued at $5,844,208. Insiders own 3.31% of the company's stock.

Clearwater Analytics Stock Down 0.0%

Clearwater Analytics stock opened at $20.25 on Monday. Clearwater Analytics Holdings, Inc. has a 52 week low of $19.93 and a 52 week high of $35.71. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 4.05 and a beta of 0.73. The company's 50-day moving average price is $22.13 and its two-hundred day moving average price is $24.67. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 0.04.

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.

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