Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 43.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,178 shares of the company’s stock after purchasing an additional 18,712 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Clearwater Analytics were worth $1,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Clearwater Analytics during the 3rd quarter worth $45,000. Financial Management Professionals Inc. acquired a new position in Clearwater Analytics during the third quarter worth about $58,000. Advisors Asset Management Inc. increased its holdings in Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after buying an additional 995 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after acquiring an additional 2,425 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Clearwater Analytics during the 3rd quarter worth approximately $117,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sandeep Sahai sold 139,172 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the completion of the transaction, the chief executive officer now owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20. Following the completion of the transaction, the executive now owns 6,373 shares in the company, valued at approximately $161,746.74. This trade represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,942 shares of company stock valued at $5,972,366 in the last quarter. 4.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Oppenheimer raised their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler increased their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.89.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $29.55 on Wednesday. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 2,955.00, a PEG ratio of 10.57 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company’s 50 day simple moving average is $28.78 and its 200 day simple moving average is $24.30.

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.