Jackson Square Capital LLC Takes $558,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Jackson Square Capital LLC acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,293 shares of the company's stock, valued at approximately $558,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Clearwater Analytics during the 3rd quarter worth approximately $3,677,000. Loomis Sayles & Co. L P raised its stake in shares of Clearwater Analytics by 11.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock valued at $83,186,000 after purchasing an additional 327,880 shares during the period. Swiss National Bank raised its stake in shares of Clearwater Analytics by 8.5% during the third quarter. Swiss National Bank now owns 312,900 shares of the company's stock valued at $7,901,000 after purchasing an additional 24,600 shares during the period. Aigen Investment Management LP purchased a new position in shares of Clearwater Analytics in the third quarter valued at $523,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Clearwater Analytics by 348.3% in the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company's stock valued at $2,141,000 after purchasing an additional 65,878 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CWAN. Oppenheimer lifted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Morgan Stanley upgraded Clearwater Analytics from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $30.00 to $34.00 in a research note on Friday. JPMorgan Chase & Co. upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.33.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the transaction, the executive now directly owns 6,373 shares of the company's stock, valued at approximately $199,729.82. This trade represents a 37.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total value of $503,778.00. Following the transaction, the chief financial officer now owns 279,857 shares in the company, valued at approximately $7,539,347.58. This trade represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 253,052 shares of company stock worth $7,182,724. Insiders own 4.60% of the company's stock.

Clearwater Analytics Stock Performance

NYSE CWAN traded up $0.92 during trading hours on Friday, reaching $28.01. The company's stock had a trading volume of 3,078,640 shares, compared to its average volume of 1,901,499. The stock has a market cap of $6.92 billion, a PE ratio of 2,803.40, a PEG ratio of 7.27 and a beta of 0.72. The business has a 50-day simple moving average of $29.12 and a 200 day simple moving average of $25.69. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. 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 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.