Oppenheimer & Co. Inc. Acquires Shares of 33,062 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Oppenheimer & Co. Inc. bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,062 shares of the company's stock, valued at approximately $835,000.

Several other large investors also recently modified their holdings of CWAN. Vanguard Group Inc. raised its holdings in shares of Clearwater Analytics by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company's stock worth $267,676,000 after buying an additional 2,219,459 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Clearwater Analytics by 1.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,374,673 shares of the company's stock valued at $210,659,000 after buying an additional 128,402 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Clearwater Analytics by 0.6% during the second quarter. William Blair Investment Management LLC now owns 10,430,794 shares of the company's stock worth $193,178,000 after buying an additional 66,528 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Clearwater Analytics by 1.6% during the third quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company's stock worth $171,156,000 after buying an additional 107,210 shares in the last quarter. Finally, Bamco Inc. NY lifted its stake in shares of Clearwater Analytics by 30.8% in the 1st quarter. Bamco Inc. NY now owns 5,359,172 shares of the company's stock valued at $94,804,000 after acquiring an additional 1,262,150 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Up 0.3 %

Shares of CWAN traded up $0.08 during trading hours on Wednesday, reaching $30.90. The stock had a trading volume of 2,028,311 shares, compared to its average volume of 1,597,364. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 3,090.00, a P/E/G ratio of 10.89 and a beta of 0.61. The firm has a 50-day simple moving average of $26.82 and a 200 day simple moving average of $22.78. 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 Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Analyst Ratings Changes

Several equities analysts have commented on the company. Piper Sandler increased 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. DA Davidson lowered shares of Clearwater Analytics from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $31.00 to $35.00 in a report on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Morgan Stanley raised their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company increased their price target on Clearwater Analytics from $23.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $30.67.

Insider Buying and Selling at Clearwater Analytics

In related news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.18, for a total transaction of $43,144,760.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $24.44, for a total transaction of $457,028.00. Following the transaction, the chief financial officer now directly owns 227,503 shares in the company, valued at approximately $5,560,173.32. This represents a 7.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,852,086 shares of company stock valued at $44,971,367. Corporate insiders own 3.25% of the company's stock.

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.