145,604 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 145,604 shares of the company's stock, valued at approximately $3,677,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.06% of Clearwater Analytics at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Clearwater Analytics by 17.2% during the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company's stock worth $267,676,000 after buying an additional 2,219,459 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Clearwater Analytics by 1.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,374,673 shares of the company's stock valued at $210,659,000 after acquiring an additional 128,402 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Clearwater Analytics by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 10,430,794 shares of the company's stock valued at $193,178,000 after acquiring an additional 66,528 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Clearwater Analytics by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company's stock valued at $171,156,000 after acquiring an additional 107,210 shares during the period. Finally, Bamco Inc. NY raised its position in Clearwater Analytics by 30.8% in the first quarter. Bamco Inc. NY now owns 5,359,172 shares of the company's stock worth $94,804,000 after purchasing an additional 1,262,150 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CWAN. Citigroup began coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a "buy" rating and a $28.00 target price for the company. The Goldman Sachs Group increased their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" 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 company an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $23.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on shares of Clearwater Analytics from $28.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $30.67.

Clearwater Analytics Price Performance

Shares of CWAN stock traded up $0.85 during trading hours on Thursday, reaching $31.75. 2,071,877 shares of the company were exchanged, compared to its average volume of 1,599,464. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. 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 stock's fifty day moving average is $26.82 and its two-hundred day moving average is $22.78. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 3,173.17, a P/E/G ratio of 11.01 and a beta of 0.61.

Insider Activity

In other Clearwater Analytics news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $24.18, for a total transaction of $43,144,760.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 227,503 shares in the company, 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. Insiders have sold 1,852,086 shares of company stock valued at $44,971,367 over the last 90 days. 3.25% of the stock is owned by company insiders.

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.