Glenmede Trust Co. NA Boosts Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Glenmede Trust Co. NA raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 129.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,828 shares of the company's stock after purchasing an additional 39,343 shares during the period. Glenmede Trust Co. NA's holdings in Clearwater Analytics were worth $1,763,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics in the 3rd quarter worth approximately $45,000. Financial Management Professionals Inc. bought a new position in Clearwater Analytics in the third quarter valued at $58,000. Benjamin F. Edwards & Company Inc. boosted its position in Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock valued at $81,000 after buying an additional 2,425 shares during the period. Amalgamated Bank bought a new position in Clearwater Analytics in the 2nd quarter worth $90,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock valued at $90,000 after purchasing an additional 995 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

NYSE:CWAN traded up $0.04 on Monday, reaching $31.08. 2,116,747 shares of the company's stock traded hands, compared to its average volume of 1,615,402. The firm has a market cap of $7.68 billion, a PE ratio of 3,104.00, a P/E/G ratio of 11.09 and a beta of 0.61. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $27.80 and a 200-day simple moving average of $23.47. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $24.44, for a total transaction of $457,028.00. Following the completion of the transaction, the chief financial officer now owns 227,503 shares in the company, valued at $5,560,173.32. This trade represents a 7.60 % 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, CRO Scott Stanley Erickson sold 3,890 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total transaction of $92,387.50. Following the sale, the executive now owns 4,844 shares in the company, valued at $115,045. This represents a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,770 shares of company stock valued at $1,826,606. 4.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on CWAN shares. The Goldman Sachs Group raised their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their target price on Clearwater Analytics from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. DA Davidson lowered Clearwater Analytics from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $31.00 to $35.00 in a report on Friday, November 8th. Citigroup started coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They set a "buy" rating and a $28.00 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Clearwater Analytics currently has a consensus rating of "Hold" and an average price target of $31.11.

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.