Algert Global LLC Sells 27,790 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Algert Global LLC cut its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 20.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,291 shares of the company's stock after selling 27,790 shares during the period. Algert Global LLC's holdings in Clearwater Analytics were worth $2,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Chartwell Investment Partners LLC boosted its holdings in Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company's stock worth $1,233,000 after purchasing an additional 395 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Clearwater Analytics by 1.6% in the second quarter. Blair William & Co. IL now owns 42,436 shares of the company's stock worth $786,000 after buying an additional 680 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Clearwater Analytics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company's stock worth $757,000 after acquiring an additional 828 shares in the last quarter. Advisors Asset Management Inc. increased its holdings 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 during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Clearwater Analytics in the 3rd quarter valued at approximately $45,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

CWAN traded down $1.04 on Wednesday, hitting $31.17. 2,872,493 shares of the stock traded hands, compared to its average volume of 1,613,200. The business has a fifty day moving average price of $27.46 and a two-hundred day moving average price of $23.21. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The firm has a market capitalization of $7.70 billion, a PE ratio of 3,224.22, a P/E/G ratio of 11.57 and a beta of 0.61.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the business's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the sale, the executive now owns 6,373 shares of the company's stock, valued at $161,746.74. The trade was a 37.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $24.44, for a total value of $457,028.00. Following the transaction, the chief financial officer now owns 227,503 shares of the company's stock, valued at $5,560,173.32. This represents a 7.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,770 shares of company stock worth $1,826,606. Company insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CWAN shares. Wells Fargo & Company increased their price target on Clearwater Analytics from $23.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Piper Sandler raised their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Oppenheimer boosted their target price on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a research report on Thursday, November 7th. Finally, Morgan Stanley boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.