Charles Schwab Investment Management Inc. Increases Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Charles Schwab Investment Management Inc. grew its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,295,413 shares of the company's stock after buying an additional 60,948 shares during the period. Charles Schwab Investment Management Inc. owned 0.53% of Clearwater Analytics worth $32,709,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hood River Capital Management LLC purchased a new position in shares of Clearwater Analytics during the 2nd quarter worth approximately $43,280,000. Stephens Investment Management Group LLC purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $11,071,000. Emerald Advisers LLC purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $10,150,000. Bank of New York Mellon Corp boosted its position in shares of Clearwater Analytics by 66.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 956,527 shares of the company's stock worth $17,715,000 after purchasing an additional 380,154 shares during the period. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $7,455,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CWAN. The Goldman Sachs Group raised their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" 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 raised their price target for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Citigroup began coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They issued a "buy" rating and a $28.00 price target for the company. Oppenheimer raised their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Piper Sandler raised their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.67.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Monday, September 16th. The shares were sold at an average price of $24.44, for a total value of $457,028.00. Following the transaction, the chief financial officer now directly owns 227,503 shares in the company, valued at approximately $5,560,173.32. The trade was a 7.60 % decrease in their ownership of the stock. The transaction 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 Clearwater Analytics stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the transaction, the executive now owns 4,844 shares in the company, valued at approximately $115,045. This represents a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,770 shares of company stock worth $1,826,606 in the last ninety days. 4.60% of the stock is owned by corporate insiders.

Clearwater Analytics Stock Up 1.2 %

NYSE:CWAN traded up $0.37 during midday trading on Wednesday, hitting $29.99. 3,857,017 shares of the company were exchanged, compared to its average volume of 1,650,748. The company has a fifty day simple moving average of $27.99 and a 200 day simple moving average of $23.63. 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 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 $7.41 billion, a PE ratio of 3,007.01, a price-to-earnings-growth ratio of 11.10 and a beta of 0.69.

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.