Conestoga Capital Advisors LLC Sells 27,880 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Conestoga Capital Advisors LLC lowered its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,750,577 shares of the company's stock after selling 27,880 shares during the period. Clearwater Analytics makes up 2.5% of Conestoga Capital Advisors LLC's portfolio, making the stock its 15th biggest position. Conestoga Capital Advisors LLC owned about 2.73% of Clearwater Analytics worth $185,776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Chartwell Investment Partners LLC increased its stake in shares of Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company's stock worth $1,233,000 after acquiring an additional 395 shares during the last quarter. GAMMA Investing LLC grew its stake in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after purchasing an additional 468 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after buying 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 valued at $288,000 after buying an additional 598 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock worth $90,000 after buying an additional 995 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the sale, the executive now directly owns 6,373 shares in the company, valued at approximately $199,729.82. This trade represents a 37.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the 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 sale, the chief financial officer now directly owns 219,044 shares in the company, valued at approximately $6,645,794.96. This represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 253,052 shares of company stock worth $7,182,724 over the last three months. Company insiders own 4.60% of the company's stock.

Clearwater Analytics Price Performance

NYSE CWAN traded up $0.40 during trading on Thursday, reaching $29.07. 1,562,453 shares of the company traded hands, compared to its average volume of 2,017,477. 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 $7.18 billion, a price-to-earnings ratio of 2,909.41, a P/E/G ratio of 7.57 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The stock's 50 day moving average price is $28.41 and its two-hundred day moving average price is $26.57.

Wall Street Analysts Forecast Growth

CWAN has been the subject of several recent research reports. Morgan Stanley raised shares of Clearwater Analytics from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. The Goldman Sachs Group increased 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. Oppenheimer upped their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.33.

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.