Jennison Associates LLC Buys Shares of 41,365 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Jennison Associates LLC bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 41,365 shares of the company's stock, valued at approximately $1,138,000.

A number of other large investors also recently added to or reduced their stakes in CWAN. GAMMA Investing LLC boosted its holdings in shares of Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after purchasing an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Clearwater Analytics during the third quarter valued at approximately $45,000. Financial Management Professionals Inc. purchased a new position in Clearwater Analytics during the 3rd quarter valued at approximately $58,000. R Squared Ltd bought a new stake in Clearwater Analytics in the 4th quarter worth approximately $80,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after acquiring an additional 1,987 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 139,172 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $28.94, for a total value of $4,027,637.68. Following the transaction, the chief executive officer now directly owns 441,724 shares in the company, valued at $12,783,492.56. This represents a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the sale, the chief financial officer now directly owns 279,857 shares of the company's stock, valued at $7,539,347.58. This represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,162 shares of company stock valued at $7,060,811 in the last quarter. 4.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CWAN has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their price target for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Morgan Stanley raised Clearwater Analytics from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $30.00 to $34.00 in a research note on Friday, January 17th. Finally, 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 note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Clearwater Analytics presently has an average rating of "Moderate Buy" and an average price target of $31.33.

Clearwater Analytics Trading Down 1.9 %

Shares of NYSE CWAN traded down $0.54 during midday trading on Monday, hitting $28.13. The company's stock had a trading volume of 1,061,052 shares, compared to its average volume of 1,973,594. The business's 50 day moving average is $28.30 and its two-hundred day moving average is $26.77. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month 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. The firm has a market cap of $6.95 billion, a P/E ratio of 2,815.32, a price-to-earnings-growth ratio of 7.82 and a beta of 0.72.

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.