Bamco Inc. NY Has $134.50 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Bamco Inc. NY grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,326,574 shares of the company’s stock after purchasing an additional 1,918 shares during the period. Bamco Inc. NY owned approximately 2.16% of Clearwater Analytics worth $134,496,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Chartwell Investment Partners LLC raised its position in Clearwater Analytics by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after buying an additional 395 shares during the period. Blair William & Co. IL grew its stake in Clearwater Analytics by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after acquiring an additional 680 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Clearwater Analytics by 2.1% in the 2nd 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 during the period. Advisors Asset Management Inc. lifted its position in shares of Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares in the last quarter. Finally, Captrust Financial Advisors boosted 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 purchasing an additional 1,026 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Activity at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the transaction, the executive now directly owns 4,844 shares in the company, valued at $115,045. This represents a 44.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the sale, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at approximately $5,860,991.04. This trade represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,770 shares of company stock worth $1,826,606 in the last 90 days. 4.60% of the stock is owned by company insiders.

Clearwater Analytics Stock Down 0.4 %

CWAN stock opened at $31.04 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The company has a 50-day moving average of $27.80 and a two-hundred day moving average of $23.44. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 3,104.00, a price-to-earnings-growth ratio of 11.09 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Oppenheimer upped their price target on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley upped their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their price target for the company from $31.00 to $35.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.11.

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.