TimesSquare Capital Management LLC Cuts Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

TimesSquare Capital Management LLC cut its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,573,500 shares of the company's stock after selling 237,279 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.64% of Clearwater Analytics worth $39,731,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company's stock worth $30,000 after buying an additional 1,234 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics during the third quarter worth about $45,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics in the third quarter valued at about $58,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Clearwater Analytics by 124.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock valued at $81,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $117,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total value of $489,192.00. Following the completion of the sale, the chief financial officer now directly owns 224,044 shares of the company's stock, valued at approximately $5,860,991.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO James S. Cox sold 18,700 shares of the 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 transaction, the chief financial officer now directly owns 224,044 shares in the company, valued at approximately $5,860,991.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20. Following the transaction, the executive now directly owns 6,373 shares of the company's stock, valued at approximately $161,746.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,864,693 shares of company stock worth $45,128,342. Corporate insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CWAN shares. Wells Fargo & Company upped their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday. Piper Sandler increased their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $28.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $23.00 to $33.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.67.

Clearwater Analytics Price Performance

Shares of CWAN traded down $0.89 during trading hours on Friday, reaching $31.90. 2,838,315 shares of the company traded hands, compared to its average volume of 1,184,455. The stock has a market capitalization of $7.86 billion, a PE ratio of 3,193.19, a price-to-earnings-growth ratio of 10.36 and a beta of 0.61. The stock has a fifty day simple moving average of $25.79 and a 200 day simple moving average of $22.04. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11.

Clearwater Analytics Company 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.