Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P raised its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 11.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,294,482 shares of the company's stock after purchasing an additional 327,880 shares during the quarter. Loomis Sayles & Co. L P owned 1.34% of Clearwater Analytics worth $83,186,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CWAN. Advisors Asset Management Inc. increased its position in Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company's stock valued at $30,000 after acquiring an additional 1,234 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Clearwater Analytics during the 3rd quarter valued at approximately $45,000. Financial Management Professionals Inc. purchased a new position in Clearwater Analytics in the 3rd quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. boosted its stake in Clearwater Analytics by 124.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock worth $81,000 after purchasing an additional 2,425 shares during the period. Finally, Amalgamated Bank purchased a new stake in Clearwater Analytics during the 2nd quarter valued at approximately $90,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CWAN. Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $23.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Oppenheimer boosted their target price on Clearwater Analytics from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Piper Sandler raised their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Morgan Stanley upped their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, DA Davidson downgraded Clearwater Analytics from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $31.00 to $35.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.11.

Clearwater Analytics Stock Up 1.4 %

Shares of NYSE CWAN traded up $0.46 during trading hours on Monday, hitting $32.40. 2,906,495 shares of the stock were exchanged, compared to its average volume of 1,605,877. The company has a market cap of $8.00 billion, a PE ratio of 3,243.24, a PEG ratio of 11.41 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. 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 firm has a fifty day moving average price of $27.15 and a 200-day moving average price of $23.01.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the transaction, the chief financial officer now directly owns 224,044 shares of the company's stock, valued at approximately $5,860,991.04. This trade represents a 7.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on 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 of the company's stock, valued at approximately $115,045. The trade was a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,770 shares of company stock worth $1,826,606 in the last ninety days. 4.60% of the stock is owned by insiders.

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.