Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 42.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 621,031 shares of the company's stock after purchasing an additional 183,899 shares during the quarter. Raymond James & Associates owned about 0.25% of Clearwater Analytics worth $12,439,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CWAN. Advisor Group Holdings Inc. grew its holdings in Clearwater Analytics by 17.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,823 shares of the company's stock valued at $143,000 after purchasing an additional 1,029 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Clearwater Analytics during the 1st quarter valued at about $12,870,000. Citigroup Inc. bought a new position in Clearwater Analytics during the 1st quarter valued at about $143,000. BlackRock Inc. grew its holdings in Clearwater Analytics by 4.6% during the 1st quarter. BlackRock Inc. now owns 470,328 shares of the company's stock valued at $9,877,000 after purchasing an additional 20,705 shares during the last quarter. Finally, Durable Capital Partners LP grew its holdings in Clearwater Analytics by 11.3% during the 1st quarter. Durable Capital Partners LP now owns 8,945,959 shares of the company's stock valued at $187,865,000 after purchasing an additional 908,588 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of Clearwater Analytics from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $24.00 to $22.00 in a research note on Thursday, February 29th. Piper Sandler restated a "neutral" rating and issued a $20.00 target price on shares of Clearwater Analytics in a research note on Thursday, February 29th. Finally, DA Davidson restated a "buy" rating and issued a $24.00 target price on shares of Clearwater Analytics in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.77.

Clearwater Analytics Stock Down 0.2 %

CWAN traded down $0.04 on Thursday, reaching $17.12. The stock had a trading volume of 642,461 shares, compared to its average volume of 1,273,218. Clearwater Analytics Holdings, Inc. has a 12-month low of $13.02 and a 12-month high of $21.89. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 0.11. The business's 50-day moving average price is $18.24 and its two-hundred day moving average price is $19.16.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $19.95, for a total value of $997,500.00. Following the transaction, the chief executive officer now directly owns 270,490 shares in the company, valued at approximately $5,396,275.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO James S. Cox sold 10,000 shares of the company's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $19.95, for a total value of $199,500.00. Following the completion of the transaction, the chief financial officer now owns 148,711 shares in the company, valued at approximately $2,966,784.45. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.95, for a total transaction of $997,500.00. Following the sale, the chief executive officer now owns 270,490 shares of the company's stock, valued at approximately $5,396,275.50. The disclosure for this sale can be found here. Insiders have sold 16,400,588 shares of company stock worth $277,607,454 in the last ninety days. 2.10% of the stock is owned by insiders.

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.