Stephens Investment Management Group LLC Has $34.93 Million Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Stephens Investment Management Group LLC raised its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 189.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,269,121 shares of the company's stock after buying an additional 830,684 shares during the period. Stephens Investment Management Group LLC owned approximately 0.51% of Clearwater Analytics worth $34,926,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CWAN. Chartwell Investment Partners LLC grew its stake in shares of Clearwater Analytics by 0.8% in the 3rd 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after purchasing an additional 468 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after purchasing an additional 521 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Clearwater Analytics by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock worth $288,000 after purchasing an additional 598 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Clearwater Analytics by 38.6% in 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. Institutional investors and hedge funds own 50.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CWAN shares. Wells Fargo & Company lifted their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Morgan Stanley raised shares of Clearwater Analytics from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $30.00 to $34.00 in a research note on Friday, January 17th. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on shares of Clearwater Analytics from $36.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $31.33.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded down $0.25 during mid-day trading on Wednesday, hitting $27.44. 941,582 shares of the stock were exchanged, compared to its average volume of 1,914,040. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The stock's fifty day simple moving average is $28.22 and its two-hundred day simple moving average is $26.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $6.78 billion, a P/E ratio of 2,746.75, a PEG ratio of 7.82 and a beta of 0.72.

Insider Buying and Selling

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $29.07, for a total transaction of $113,082.30. Following the transaction, the executive now owns 6,373 shares in the company, valued at $185,263.11. This represents a 37.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.34, for a total transaction of $567,358.00. Following the transaction, the chief financial officer now owns 219,044 shares in the company, valued at approximately $6,645,794.96. This trade represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 249,162 shares of company stock worth $7,060,811 in the last three months. Insiders own 4.60% of the company's stock.

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.