Royce & Associates LP Buys New Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Royce & Associates LP bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 74,000 shares of the company's stock, valued at approximately $1,868,000.

A number of other institutional investors have also recently made changes to their positions in CWAN. Oppenheimer & Co. Inc. purchased a new stake in shares of Clearwater Analytics during the third quarter valued at $835,000. Oppenheimer Asset Management Inc. lifted its stake in Clearwater Analytics by 3.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 171,998 shares of the company's stock valued at $4,343,000 after acquiring an additional 5,116 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Clearwater Analytics by 12.7% during the 3rd quarter. Victory Capital Management Inc. now owns 17,423 shares of the company's stock valued at $440,000 after acquiring an additional 1,964 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Clearwater Analytics during the 3rd quarter valued at about $523,000. Finally, Chartwell Investment Partners LLC grew its stake in shares of Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company's stock worth $1,233,000 after acquiring an additional 395 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Performance

NYSE CWAN traded down $0.23 on Wednesday, hitting $30.59. 410,938 shares of the company traded hands, compared to its average volume of 1,589,832. The business's 50 day moving average price is $26.68 and its 200-day moving average price is $22.72. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 3,082.00, a P/E/G ratio of 10.89 and a beta of 0.61.

Insider Transactions at Clearwater Analytics

In other news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $24.18, for a total transaction of $43,144,760.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company'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 completion of the transaction, the executive now directly owns 4,844 shares of the company's stock, valued at $115,045. This represents a 44.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,852,086 shares of company stock valued at $44,971,367 over the last quarter. 3.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup began coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a "buy" rating and a $28.00 price objective on the stock. DA Davidson cut Clearwater Analytics from a "buy" rating to a "neutral" rating and increased their price target for the company from $31.00 to $35.00 in a report on Friday, November 8th. The Goldman Sachs Group raised their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on Clearwater Analytics from $28.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Oppenheimer increased their target price on Clearwater Analytics from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Clearwater Analytics presently has an average rating of "Hold" and an average price target of $30.67.

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.