Penserra Capital Management LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Penserra Capital Management LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 35,698 shares of the company's stock, valued at approximately $901,000.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Clearwater Analytics by 17.2% in the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company's stock worth $267,676,000 after purchasing an additional 2,219,459 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company's stock valued at $30,000 after buying an additional 1,234 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Clearwater Analytics by 38.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,573 shares of the company's stock valued at $771,000 after buying an additional 12,200 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Clearwater Analytics by 24.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 313,123 shares of the company's stock worth $5,539,000 after acquiring an additional 61,445 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Clearwater Analytics by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,686,758 shares of the company's stock worth $29,838,000 after acquiring an additional 53,493 shares during the last quarter. Institutional investors own 50.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on CWAN shares. Piper Sandler lifted their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Morgan Stanley upped their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price target on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Oppenheimer increased their target price on Clearwater Analytics from $31.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $31.11.

Insider Buying and Selling at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was 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 in the company, valued at $115,045. The trade was a 44.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the sale, the chief financial officer now owns 224,044 shares in the company, valued at approximately $5,860,991.04. This represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,770 shares of company stock valued at $1,826,606. 4.60% of the stock is currently owned by corporate insiders.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded down $1.04 during trading hours on Thursday, hitting $31.17. 2,872,914 shares of the stock were exchanged, compared to its average volume of 1,613,200. The company's fifty day simple moving average is $27.58 and its two-hundred day simple moving average is $23.27. The company has a market cap of $7.70 billion, a PE ratio of 3,120.12, a price-to-earnings-growth ratio of 11.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71.

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.