Jane Street Group LLC Sells 45,178 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Jane Street Group LLC lowered its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 29.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,155 shares of the company's stock after selling 45,178 shares during the quarter. Jane Street Group LLC's holdings in Clearwater Analytics were worth $2,731,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CWAN. Chartwell Investment Partners LLC lifted its position in shares of Clearwater Analytics by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company's stock valued at $1,233,000 after acquiring an additional 395 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Clearwater Analytics by 5.5% during the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock valued at $288,000 after purchasing an additional 598 shares during the period. Blair William & Co. IL boosted its position in shares of Clearwater Analytics by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company's stock worth $786,000 after purchasing an additional 680 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Clearwater Analytics by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company's stock valued at $757,000 after buying an additional 828 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock valued at $90,000 after buying an additional 995 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CWAN. Piper Sandler increased their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. DA Davidson lowered shares of Clearwater Analytics from a "buy" rating to a "neutral" rating and boosted their price target for the company from $31.00 to $35.00 in a research note on Friday, November 8th. Royal Bank of Canada raised their price objective on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Finally, Morgan Stanley boosted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $31.89.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the company'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 sale, the executive now directly owns 6,373 shares of the company's stock, valued at $161,746.74. This represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the completion of the transaction, the chief executive officer now owns 441,724 shares of the company's stock, valued at $12,783,492.56. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 206,942 shares of company stock worth $5,972,366. Insiders own 4.60% of the company's stock.

Clearwater Analytics Stock Up 2.8 %

Shares of CWAN traded up $0.78 during trading hours on Friday, reaching $28.70. 3,811,449 shares of the stock traded hands, compared to its average volume of 1,725,219. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 2,872.87, a PEG ratio of 10.57 and a beta of 0.69. The stock has a fifty day simple moving average of $29.03 and a 200 day simple moving average of $24.56. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

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.