Cinctive Capital Management LP Decreases Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Cinctive Capital Management LP lowered its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 77.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,589 shares of the company's stock after selling 122,242 shares during the period. Cinctive Capital Management LP's holdings in Clearwater Analytics were worth $899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter valued at about $45,000. Financial Management Professionals Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter valued at about $58,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Clearwater Analytics by 124.6% during the 2nd 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 in the last quarter. Amalgamated Bank bought a new stake in shares of Clearwater Analytics during the 2nd quarter valued at about $90,000. Finally, Advisors Asset Management Inc. boosted 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 valued at $90,000 after purchasing an additional 995 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Up 1.2 %

Shares of Clearwater Analytics stock traded up $0.36 on Wednesday, hitting $29.98. The company had a trading volume of 3,857,017 shares, compared to its average volume of 1,650,748. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 3,001.00, a P/E/G ratio of 11.10 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The stock has a 50 day moving average of $28.08 and a 200-day moving average of $23.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the transaction, the executive now directly owns 6,373 shares of the company's stock, valued at approximately $199,729.82. This represents a 37.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total value of $489,192.00. Following the transaction, the chief financial officer now directly owns 224,044 shares of the company's stock, valued at approximately $5,860,991.04. This trade represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,770 shares of company stock valued at $1,826,606 over the last three months. Corporate insiders own 4.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley upped their target price on Clearwater Analytics from $20.00 to $30.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their target price on Clearwater Analytics from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their target price for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Wells Fargo & Company upped their price target on Clearwater Analytics from $23.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group upped their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $31.67.

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.