Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 348.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,793 shares of the company's stock after acquiring an additional 65,878 shares during the quarter. Principal Financial Group Inc.'s holdings in Clearwater Analytics were worth $2,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL grew its position in Clearwater Analytics by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company's stock valued at $786,000 after buying an additional 680 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Clearwater Analytics by 2.1% in the second quarter. Arizona State Retirement System now owns 40,894 shares of the company's stock valued at $757,000 after acquiring an additional 828 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company's stock worth $30,000 after acquiring an additional 1,234 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics during the third quarter worth about $45,000. Finally, RiverPark Advisors LLC lifted its position in Clearwater Analytics by 33.1% in the second quarter. RiverPark Advisors LLC now owns 7,140 shares of the company's stock valued at $132,000 after purchasing an additional 1,774 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of analyst reports. Morgan Stanley increased their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Piper Sandler raised their target price on Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Citigroup assumed coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a "buy" rating and a $28.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a report on Thursday, November 7th. Finally, Oppenheimer boosted their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an "outperform" rating in a report 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 company's stock. According to data from MarketBeat.com, Clearwater Analytics currently has an average rating of "Hold" and an average target price of $31.11.

Insiders Place Their Bets

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the company's stock in a transaction 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 transaction, the executive now directly owns 4,844 shares in the company, valued at approximately $115,045. This represents a 44.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $24.18, for a total transaction of $43,144,760.88. The disclosure for this sale can be found here. Insiders sold a total of 1,852,086 shares of company stock worth $44,971,367 over the last ninety days. 3.25% of the stock is owned by company insiders.

Clearwater Analytics Trading Up 0.6 %

Clearwater Analytics stock traded up $0.19 during midday trading on Friday, reaching $31.94. The stock had a trading volume of 1,754,516 shares, compared to its average volume of 3,096,017. The stock has a market capitalization of $7.89 billion, a PE ratio of 3,197.20, a price-to-earnings-growth ratio of 11.34 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. The stock's 50-day simple moving average is $27.15 and its 200 day simple moving average is $22.94. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71.

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.