Spire Wealth Management Acquires New Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Spire Wealth Management purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,420 shares of the company's stock, valued at approximately $534,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Clearwater Analytics in the 3rd quarter valued at $3,677,000. Loomis Sayles & Co. L P boosted its stake in shares of Clearwater Analytics by 11.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock valued at $83,186,000 after purchasing an additional 327,880 shares during the last quarter. Swiss National Bank boosted its stake in shares of Clearwater Analytics by 8.5% in the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company's stock valued at $7,901,000 after purchasing an additional 24,600 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Clearwater Analytics in the 3rd quarter valued at $523,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Clearwater Analytics by 348.3% in the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company's stock valued at $2,141,000 after purchasing an additional 65,878 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CWAN shares. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Royal Bank of Canada reduced their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, January 14th. Morgan Stanley upgraded shares of Clearwater Analytics from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $30.00 to $34.00 in a report on Friday, January 17th. Piper Sandler lifted their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.

Clearwater Analytics Trading Down 1.5 %

Shares of CWAN traded down $0.44 during mid-day trading on Friday, reaching $28.64. The company's stock had a trading volume of 1,833,045 shares, compared to its average volume of 1,993,994. The stock has a market cap of $7.07 billion, a PE ratio of 2,866.87, a P/E/G ratio of 7.82 and a beta of 0.72. 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 52 week low of $15.62 and a 52 week high of $35.71. The company's fifty day moving average price is $28.36 and its two-hundred day moving average price is $26.63.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 139,172 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the transaction, the chief executive officer now directly owns 441,724 shares in the company, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company'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 completion of the transaction, the executive now owns 6,373 shares of the company's stock, valued at $199,729.82. This trade represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 253,052 shares of company stock worth $7,182,724. 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.