Connor Clark & Lunn Investment Management Ltd. Has $3.79 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 59.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,233 shares of the company's stock after selling 220,361 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Clearwater Analytics worth $3,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CWAN. Advisors Asset Management Inc. boosted its holdings in Clearwater Analytics by 268.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company's stock valued at $30,000 after purchasing an additional 1,234 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics in the third quarter valued at approximately $45,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics during the third quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. increased its stake in Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock worth $81,000 after acquiring an additional 2,425 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Clearwater Analytics in the 3rd quarter valued at $117,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Galibier Purchaser, Llc sold 1,784,316 shares of Clearwater Analytics stock in a transaction on Monday, August 26th. The shares were sold at an average price of $24.18, for a total transaction of $43,144,760.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the completion of the sale, the chief financial officer now owns 219,044 shares of the company's stock, valued at $6,645,794.96. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,852,086 shares of company stock valued at $44,971,367. 3.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Clearwater Analytics from $20.00 to $30.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Piper Sandler boosted their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Oppenheimer increased their price target on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a research report on Thursday, November 7th. Finally, Citigroup began coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a "buy" rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $31.11.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded up $0.19 during mid-day trading on Friday, hitting $31.94. 1,754,516 shares of the stock traded hands, compared to its average volume of 3,096,017. The company has a market cap of $7.89 billion, a PE ratio of 3,194.00, a price-to-earnings-growth ratio of 11.34 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. 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 50 day simple moving average of $27.15 and a two-hundred day simple moving average of $23.01.

Clearwater Analytics 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.