Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,605,351 shares of the company's stock after selling 766,745 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.05% of Clearwater Analytics worth $70,903,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Clearwater Analytics during the 3rd quarter worth about $3,677,000. Loomis Sayles & Co. L P raised its position in shares of Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock worth $83,186,000 after acquiring an additional 327,880 shares in the last quarter. Swiss National Bank grew its stake in Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company's stock worth $7,901,000 after buying an additional 24,600 shares during the last quarter. Aigen Investment Management LP purchased a new position in Clearwater Analytics during the 3rd quarter worth approximately $523,000. Finally, Stephens Investment Management Group LLC grew its stake in Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock worth $34,926,000 after buying an additional 830,684 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 139,172 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the transaction, the chief executive officer now owns 441,724 shares in the company, valued at approximately $12,783,492.56. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total value of $113,082.30. Following the completion of the transaction, the executive now owns 6,373 shares in the company, valued at approximately $185,263.11. This trade represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 280,462 shares of company stock valued at $7,874,953 over the last quarter. Company insiders own 4.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CWAN. Wells Fargo & Company lifted their target price on Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Piper Sandler lifted their price objective on Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada reduced their price objective on Clearwater Analytics from $36.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, January 14th. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price target for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, Morgan Stanley raised Clearwater Analytics from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $30.00 to $34.00 in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

Clearwater Analytics Trading Down 3.1 %

CWAN stock traded down $0.87 during trading on Friday, reaching $26.89. 2,273,088 shares of the stock traded hands, compared to its average volume of 1,993,994. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The business's 50 day moving average price is $28.11 and its 200-day moving average price is $26.93. 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 firm has a market capitalization of $6.64 billion, a PE ratio of 2,691.19, a P/E/G ratio of 7.82 and a beta of 0.72.

About Clearwater Analytics

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.