Citigroup Inc. Has $7.56 Million Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Citigroup Inc. decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 8.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 299,273 shares of the company's stock after selling 26,440 shares during the period. Citigroup Inc. owned about 0.12% of Clearwater Analytics worth $7,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWAN. Hood River Capital Management LLC purchased a new position in shares of Clearwater Analytics during the 2nd quarter valued at $43,280,000. Stephens Investment Management Group LLC purchased a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $11,071,000. Emerald Advisers LLC acquired a new position in Clearwater Analytics in the third quarter worth approximately $10,150,000. Bank of New York Mellon Corp raised its position in Clearwater Analytics by 66.0% during the second quarter. Bank of New York Mellon Corp now owns 956,527 shares of the company's stock valued at $17,715,000 after acquiring an additional 380,154 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Clearwater Analytics in the third quarter valued at approximately $7,455,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CWAN. Citigroup began coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They set a "buy" rating and a $28.00 price target on the stock. Royal Bank of Canada boosted their price target on Clearwater Analytics from $32.00 to $36.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Piper Sandler upped their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Morgan Stanley raised their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, 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 research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.11.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN traded down $0.13 during midday trading on Friday, reaching $31.04. The company's stock had a trading volume of 1,608,663 shares, compared to its average volume of 3,294,111. The business's fifty day simple moving average is $27.80 and its 200-day simple moving average is $23.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. 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 market capitalization of $7.67 billion, a P/E ratio of 3,107.11, a P/E/G ratio of 11.09 and a beta of 0.61.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated 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 sale, the chief financial officer now directly owns 227,503 shares in the company, valued at $5,560,173.32. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20. Following the completion of the transaction, the executive now directly owns 6,373 shares in the company, valued at $161,746.74. This trade represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,770 shares of company stock worth $1,826,606. 4.60% of the stock is currently owned by corporate 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.