UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.27 Million Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 287,863 shares of the company's stock after selling 19,293 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Clearwater Analytics worth $7,269,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Hood River Capital Management LLC acquired a new position in shares of Clearwater Analytics in the second quarter valued at approximately $43,280,000. Champlain Investment Partners LLC bought a new position in Clearwater Analytics during the 3rd quarter worth about $53,559,000. Stephens Investment Management Group LLC acquired a new stake in shares of Clearwater Analytics in the 3rd quarter valued at about $11,071,000. Emerald Advisers LLC bought a new stake in shares of Clearwater Analytics in the third quarter valued at about $10,150,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Clearwater Analytics by 66.0% during the second quarter. Bank of New York Mellon Corp now owns 956,527 shares of the company's stock worth $17,715,000 after buying an additional 380,154 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CWAN shares. DA Davidson cut Clearwater Analytics from a "buy" rating to a "neutral" rating and boosted their target price for the company from $31.00 to $35.00 in a research note on Friday, November 8th. Wells Fargo & Company increased their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Citigroup initiated coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a "buy" rating and a $28.00 price target on the stock. Morgan Stanley lifted 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. Finally, Piper Sandler raised their price target on Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Clearwater Analytics has an average rating of "Hold" and a consensus price target of $31.89.

Insider Buying and Selling

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the firm'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 transaction, the executive now directly owns 6,373 shares of the company's stock, valued at approximately $161,746.74. This trade represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $24.44, for a total value of $457,028.00. Following the sale, the chief financial officer now directly owns 227,503 shares in the company, valued at $5,560,173.32. This represents a 7.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,052 shares of company stock valued at $5,761,856. Company insiders own 4.60% of the company's stock.

Clearwater Analytics Stock Performance

Shares of CWAN traded up $0.19 during mid-day trading on Tuesday, reaching $29.02. The company's stock had a trading volume of 3,548,951 shares, compared to its average volume of 1,674,498. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.17 billion, a P/E ratio of 2,901.50, a PEG ratio of 10.62 and a beta of 0.68. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The business has a 50-day simple moving average of $28.41 and a two-hundred day simple moving average of $23.99.

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.