Loomis Sayles & Co. L P Boosts Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Loomis Sayles & Co. L P lifted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,294,482 shares of the company’s stock after buying an additional 327,880 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.34% of Clearwater Analytics worth $83,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC raised its stake 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 in the last quarter. Blair William & Co. IL grew its position in shares of Clearwater Analytics by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock worth $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 acquiring an additional 828 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after acquiring an additional 995 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Clearwater Analytics in the third quarter worth $45,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Up 0.6 %

Shares of Clearwater Analytics stock opened at $31.94 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. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The business’s fifty day moving average price is $27.15 and its two-hundred day moving average price is $23.01. The company has a market capitalization of $7.89 billion, a P/E ratio of 3,197.20, a PEG ratio of 11.41 and a beta of 0.61.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 67,770 shares of company stock worth $1,826,606 over the last ninety days. 4.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CWAN. Oppenheimer increased their target price on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley raised their price target on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Citigroup initiated coverage on Clearwater Analytics in a research note on Monday, August 19th. They set a “buy” rating and a $28.00 price objective for the company. One investment 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, Clearwater Analytics currently has an average rating of “Hold” and an average price target of $31.11.

About Clearwater Analytics

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.