Swiss National Bank Grows Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Swiss National Bank increased its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,900 shares of the company's stock after acquiring an additional 24,600 shares during the quarter. Swiss National Bank owned about 0.13% of Clearwater Analytics worth $7,901,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in shares of Clearwater Analytics by 16.3% during the third quarter. Thrivent Financial for Lutherans now owns 75,148 shares of the company's stock valued at $1,898,000 after acquiring an additional 10,518 shares during the period. Natixis Advisors LLC increased its stake in Clearwater Analytics by 59.2% in the 3rd quarter. Natixis Advisors LLC now owns 71,260 shares of the company's stock valued at $1,799,000 after buying an additional 26,506 shares during the last quarter. Connable Office Inc. bought a new stake in Clearwater Analytics during the third quarter worth about $201,000. Royce & Associates LP bought a new stake in shares of Clearwater Analytics during the 3rd quarter worth approximately $1,868,000. Finally, Oppenheimer & Co. Inc. bought a new position in Clearwater Analytics during the third quarter worth about $835,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Trading Down 0.6 %

Shares of Clearwater Analytics stock traded down $0.19 during trading on Tuesday, hitting $32.21. The company's stock had a trading volume of 1,981,128 shares, compared to its average volume of 1,607,698. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 3,204.20, a price-to-earnings-growth ratio of 11.41 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The stock has a 50-day moving average price of $27.31 and a two-hundred day moving average price of $23.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Analysts Set New Price Targets

CWAN has been the subject of a number of research analyst reports. 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. Wells Fargo & Company lifted their target price on shares of Clearwater Analytics from $23.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Oppenheimer increased their price target on shares of Clearwater Analytics from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. DA Davidson cut Clearwater Analytics from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $31.00 to $35.00 in a report on Friday, November 8th. Finally, Citigroup started coverage on Clearwater Analytics in a research note on Monday, August 19th. They set a "buy" rating and a $28.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $31.11.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction dated Tuesday, September 10th. The shares were 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 in the company, valued at $115,045. This trade represents a 44.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the sale, the chief financial officer now owns 224,044 shares in the company, valued at $5,860,991.04. This represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,770 shares of company stock valued at $1,826,606 over the last quarter. Insiders own 4.60% 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.