Creative Planning Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Creative Planning bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,989 shares of the company's stock, valued at approximately $505,000.

Other hedge funds also recently made changes to their positions in the company. Thornburg Investment Management Inc. boosted its position in shares of Clearwater Analytics by 31.7% during the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company's stock worth $5,860,000 after acquiring an additional 79,707 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Clearwater Analytics by 22.3% during the 1st quarter. California State Teachers Retirement System now owns 131,341 shares of the company's stock worth $2,323,000 after acquiring an additional 23,971 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Clearwater Analytics during the 1st quarter worth approximately $825,000. Jane Street Group LLC boosted its position in shares of Clearwater Analytics by 234.2% during the 1st quarter. Jane Street Group LLC now owns 265,818 shares of the company's stock worth $4,702,000 after acquiring an additional 186,273 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Clearwater Analytics during the 2nd quarter worth approximately $1,797,000. 50.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CWAN has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Clearwater Analytics from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of Clearwater Analytics from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, September 18th. Citigroup initiated coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They issued a "buy" rating and a $28.00 target price on the stock. Oppenheimer raised their target price on shares of Clearwater Analytics from $25.00 to $31.00 and gave the company an "outperform" rating in a research report on Monday, October 7th. Finally, Morgan Stanley raised their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.67.

Insider Buying and Selling

In related news, Director Warburg Pincus Llc sold 9,000,000 shares of Clearwater Analytics stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total transaction of $201,690,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Clearwater Analytics news, insider Subi Sethi sold 21,497 shares of Clearwater Analytics stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total value of $522,377.10. Following the completion of the sale, the insider now directly owns 81,812 shares of the company's stock, valued at approximately $1,988,031.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Warburg Pincus Llc sold 9,000,000 shares of Clearwater Analytics stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total transaction of $201,690,000.00. The disclosure for this sale can be found here. Insiders sold 10,864,693 shares of company stock valued at $246,818,342 over the last quarter. Insiders own 3.46% of the company's stock.

Clearwater Analytics Trading Up 6.0 %

Shares of NYSE:CWAN traded up $1.63 during mid-day trading on Wednesday, reaching $28.59. 2,710,427 shares of the company's stock were exchanged, compared to its average volume of 1,448,373. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $28.75. The business's fifty day moving average price is $25.39 and its 200-day moving average price is $21.73. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of -1,348.00, a PEG ratio of 9.53 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.78 and a current ratio of 4.78.

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.