Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 144.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,426 shares of the company's stock after purchasing an additional 51,022 shares during the quarter. MetLife Investment Management LLC's holdings in Clearwater Analytics were worth $2,182,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in Clearwater Analytics by 22.3% in the first quarter. California State Teachers Retirement System now owns 131,341 shares of the company's stock worth $2,323,000 after purchasing an additional 23,971 shares in the last quarter. Jane Street Group LLC raised its stake 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. Seven Eight Capital LP bought a new position in shares of Clearwater Analytics during the 2nd quarter worth approximately $1,797,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Clearwater Analytics during the third quarter valued at approximately $3,677,000. Finally, Loomis Sayles & Co. L P boosted its stake in Clearwater Analytics by 11.1% in 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 acquiring an additional 327,880 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insiders Place Their Bets

In other news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.34, for a total transaction of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. The trade was a 7.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the sale, the executive now directly owns 4,844 shares of the company's stock, valued at approximately $115,045. This represents a 44.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,770 shares of company stock worth $1,826,606. 4.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. DA Davidson downgraded Clearwater Analytics from a "buy" rating to a "neutral" rating and upped their price target for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. Piper Sandler upped their target price on Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price target on Clearwater Analytics from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Oppenheimer boosted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Morgan Stanley increased their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $31.89.

Clearwater Analytics Stock Performance

NYSE:CWAN traded down $0.19 during trading hours on Friday, reaching $29.75. The company had a trading volume of 2,380,616 shares, compared to its average volume of 1,662,217. The firm has a market cap of $7.35 billion, a PE ratio of 2,975.00, a price-to-earnings-growth ratio of 10.58 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The business's 50 day moving average price is $28.26 and its 200-day moving average price is $23.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

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.