Centiva Capital LP Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Centiva Capital LP purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 30,893 shares of the company's stock, valued at approximately $780,000.

Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Clearwater Analytics during the 3rd quarter valued at approximately $45,000. Financial Management Professionals Inc. purchased a new position in Clearwater Analytics during the third quarter valued at $58,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Clearwater Analytics by 124.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock valued at $81,000 after purchasing an additional 2,425 shares during the period. Amalgamated Bank purchased a new stake in shares of Clearwater Analytics during the second quarter worth about $90,000. Finally, 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 worth $90,000 after purchasing an additional 995 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Clearwater Analytics Trading Down 0.6 %

CWAN stock traded down $0.19 during trading on Friday, reaching $29.75. 2,595,026 shares of the stock were exchanged, compared to its average volume of 3,743,683. 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 firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 2,977.98, a P/E/G ratio of 10.71 and a beta of 0.69. The business has a 50 day moving average price of $28.26 and a 200-day moving average price of $23.82. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CWAN shares. DA Davidson cut Clearwater Analytics from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $31.00 to $35.00 in a report on Friday, November 8th. Wells Fargo & Company boosted their price target on Clearwater Analytics from $33.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday. Citigroup assumed coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a "buy" rating and a $28.00 price objective for the company. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, Piper Sandler increased their target price 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 issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $31.89.

Insider Activity

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now owns 227,503 shares of the company's stock, valued at $5,560,173.32. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company'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 transaction, the executive now owns 4,844 shares in the company, valued at $115,045. This trade represents a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,770 shares of company stock valued at $1,826,606. 4.60% of the stock is currently 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.