Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 59.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,260 shares of the company's stock after purchasing an additional 26,506 shares during the quarter. Natixis Advisors LLC's holdings in Clearwater Analytics were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in shares of Clearwater Analytics by 268.8% during the 1st 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. acquired a new position in shares of Clearwater Analytics during the 3rd quarter valued at about $45,000. Financial Management Professionals Inc. acquired a new position in shares of Clearwater Analytics during the 3rd quarter valued at about $58,000. Benjamin F. Edwards & Company Inc. increased its position in Clearwater Analytics by 124.6% during 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 in the last quarter. Finally, Amalgamated Bank acquired a new stake in Clearwater Analytics during the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CWAN. DA Davidson downgraded shares of Clearwater Analytics from a "buy" rating to a "neutral" rating and increased their target price for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. Morgan Stanley increased their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an "outperform" rating in a research report on Friday. The Goldman Sachs Group increased their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a research report on Thursday, November 7th. Finally, Citigroup began coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a "buy" rating and a $28.00 price target for the company. One investment 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $31.11.

Clearwater Analytics Stock Down 0.6 %

Shares of Clearwater Analytics stock traded down $0.19 on Tuesday, hitting $32.21. 1,981,128 shares of the company's stock traded hands, compared to its average volume of 1,607,700. The stock has a market cap of $7.96 billion, a P/E ratio of 3,204.20, a PEG ratio of 11.41 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 firm's 50-day moving average is $27.31 and its 200 day moving average is $23.11. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

Insider Activity

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the firm's 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $24.44, for a total value of $457,028.00. Following the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 67,770 shares of company stock worth $1,826,606. 4.60% of the stock is currently 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.