Jefferies Financial Group Inc. Has $7.69 Million Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Key Points

• Jefferies Financial Group has reduced its stake in Clearwater Analytics by 61.1% to about $7.69 million, selling 451,556 shares during the first quarter.
• Various institutional investors, including Invesco Ltd. and Geode Capital Management, have increased their stakes in Clearwater Analytics, which now has 50.10% of its stock owned by such entities.
• Analysts have set new price targets for Clearwater Analytics, with an average target price of $31.90 and a consensus rating of "Moderate Buy."

Jefferies Financial Group Inc. trimmed its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 61.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 286,970 shares of the company's stock after selling 451,556 shares during the period. Jefferies Financial Group Inc. owned approximately 0.11% of Clearwater Analytics worth $7,691,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new stake in Clearwater Analytics during the 1st quarter worth about $314,000. Yorktown Management & Research Co Inc bought a new position in Clearwater Analytics in the 1st quarter worth approximately $409,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Clearwater Analytics in the 4th quarter worth approximately $8,580,000. GAMMA Investing LLC lifted its holdings in Clearwater Analytics by 2,644.7% during the 1st quarter. GAMMA Investing LLC now owns 35,242 shares of the company's stock worth $944,000 after buying an additional 33,958 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Clearwater Analytics by 10.0% in the 1st quarter. Rhumbline Advisers now owns 259,291 shares of the company's stock valued at $6,949,000 after buying an additional 23,644 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CTO Souvik Das sold 5,273 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $21.67, for a total transaction of $114,265.91. Following the completion of the sale, the chief technology officer directly owned 142,549 shares in the company, valued at $3,089,036.83. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $22.15, for a total value of $1,107,500.00. Following the transaction, the chief executive officer owned 895,663 shares in the company, valued at $19,838,935.45. The trade was a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 258,107 shares of company stock worth $5,844,208 in the last quarter. 3.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Clearwater Analytics Stock Performance

NYSE CWAN traded up $0.33 during trading on Monday, reaching $20.58. 2,921,167 shares of the company's stock were exchanged, compared to its average volume of 3,746,251. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.09 and a quick ratio of 5.09. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $19.93 and a fifty-two week high of $35.71. The business has a 50 day moving average price of $22.10 and a 200-day moving average price of $24.62. The stock has a market capitalization of $5.83 billion, a P/E ratio of 12.25, a PEG ratio of 4.05 and a beta of 0.73.

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.