Allspring Global Investments Holdings LLC Raises Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Allspring Global Investments Holdings LLC increased its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 65.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,387,928 shares of the company's stock after acquiring an additional 1,335,802 shares during the period. Allspring Global Investments Holdings LLC owned about 1.39% of Clearwater Analytics worth $67,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CWAN. Tower Research Capital LLC TRC boosted its stake in shares of Clearwater Analytics by 527.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,826 shares of the company's stock valued at $35,000 after purchasing an additional 1,535 shares in the last quarter. BNP Paribas Arbitrage SNC acquired a new stake in Clearwater Analytics in the third quarter valued at approximately $32,000. UBS Group AG grew its stake in shares of Clearwater Analytics by 1,129.0% during the second quarter. UBS Group AG now owns 2,163 shares of the company's stock worth $26,000 after buying an additional 1,987 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Clearwater Analytics by 35.3% during the first quarter. Captrust Financial Advisors now owns 2,663 shares of the company's stock worth $56,000 after buying an additional 695 shares during the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Clearwater Analytics during the third quarter worth $49,000. 50.10% of the stock is owned by institutional investors.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 10,000 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.95, for a total transaction of $199,500.00. Following the transaction, the chief financial officer now directly 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 through this hyperlink. In other news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $19.95, for a total value of $997,500.00. Following the completion of the transaction, the chief executive officer now directly owns 270,490 shares of the company's stock, valued at $5,396,275.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 148,711 shares of the company's stock, valued at $2,966,784.45. The disclosure for this sale can be found here. Insiders sold a total of 16,370,000 shares of company stock valued at $277,006,400 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Clearwater Analytics Stock Down 3.2 %

CWAN traded down $0.55 during trading on Wednesday, hitting $16.38. 1,097,456 shares of the company's stock were exchanged, compared to its average volume of 1,246,983. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $13.02 and a fifty-two week high of $21.89. The stock has a market cap of $4.01 billion, a P/E ratio of -148.91, a PEG ratio of 6.78 and a beta of 0.45. The business's 50 day moving average is $18.02 and its two-hundred day moving average is $19.07. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

CWAN has been the subject of a number of research reports. DA Davidson reiterated a "buy" rating and issued a $24.00 price objective on shares of Clearwater Analytics in a report on Monday, February 5th. JPMorgan Chase & Co. lowered Clearwater Analytics from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $24.00 to $22.00 in a research report on Thursday, February 29th. Finally, Piper Sandler restated a "neutral" rating and set a $20.00 price objective on shares of Clearwater Analytics in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Clearwater Analytics presently has an average rating of "Moderate Buy" and a consensus price target of $21.77.

Clearwater Analytics 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.