Aigen Investment Management LP Buys Shares of 20,701 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Aigen Investment Management LP purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,701 shares of the company's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hood River Capital Management LLC bought a new stake in Clearwater Analytics in the second quarter valued at $43,280,000. Vanguard Group Inc. lifted its position in shares of Clearwater Analytics by 17.2% in the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company's stock worth $267,676,000 after purchasing an additional 2,219,459 shares during the period. Bamco Inc. NY increased its position in shares of Clearwater Analytics by 30.8% during the first quarter. Bamco Inc. NY now owns 5,359,172 shares of the company's stock valued at $94,804,000 after buying an additional 1,262,150 shares during the period. Stephens Investment Management Group LLC bought a new position in Clearwater Analytics in the third quarter worth about $11,071,000. Finally, Emerald Advisers LLC purchased a new stake in Clearwater Analytics in the third quarter worth about $10,150,000. Institutional investors own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CWAN shares. The Goldman Sachs Group upped their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. Morgan Stanley increased their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Oppenheimer raised their price objective on Clearwater Analytics from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Finally, Citigroup assumed coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a "buy" rating and a $28.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $30.67.

Clearwater Analytics Stock Up 0.2 %

NYSE:CWAN traded up $0.05 on Friday, reaching $30.50. 7,305,364 shares of the stock traded hands, compared to its average volume of 1,589,198. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 3,050.00, a PEG ratio of 11.29 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company's fifty day simple moving average is $26.42 and its 200 day simple moving average is $22.45.

Insider Activity

In other Clearwater Analytics news, insider Subi Sethi sold 21,497 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total transaction of $522,377.10. Following the transaction, the insider now owns 81,812 shares in the company, valued at approximately $1,988,031.60. This represents a 20.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the sale, the executive now owns 6,373 shares of the company's stock, valued at $199,729.82. This represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,854,883 shares of company stock worth $44,926,386 over the last 90 days. 3.25% of the stock is currently 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.