US Bancorp DE Has $635,000 Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

US Bancorp DE boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 418.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,153 shares of the company's stock after acquiring an additional 20,302 shares during the quarter. US Bancorp DE's holdings in Clearwater Analytics were worth $635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in Clearwater Analytics during the third quarter worth approximately $58,000. Zweig DiMenna Associates LLC acquired a new position in Clearwater Analytics during the third quarter worth approximately $4,941,000. Moody Aldrich Partners LLC acquired a new position in Clearwater Analytics during the third quarter worth approximately $7,372,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Clearwater Analytics during the third quarter worth approximately $45,000. Finally, Raymond James & Associates increased its position in Clearwater Analytics by 1.5% during the third quarter. Raymond James & Associates now owns 658,579 shares of the company's stock worth $16,629,000 after buying an additional 9,976 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

CWAN traded down $0.88 during trading hours on Monday, hitting $31.02. The company's stock had a trading volume of 3,930,838 shares, compared to its average volume of 1,489,544. The firm has a market capitalization of $7.64 billion, a PE ratio of 3,176.18, a PEG ratio of 11.56 and a beta of 0.61. The company has a 50-day simple moving average of $25.79 and a 200 day simple moving average of $22.04. The company has a current ratio of 4.66, a quick ratio of 4.78 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

Analysts Set New Price Targets

CWAN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $23.00 to $33.00 in a research report on Thursday. Oppenheimer boosted their target price on Clearwater Analytics from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday. The Goldman Sachs Group boosted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a report on Thursday. Wells Fargo & Company boosted their target price on Clearwater Analytics from $23.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Royal Bank of Canada boosted their target price on Clearwater Analytics from $28.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.67.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 13,700 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $23.64, for a total value of $323,868.00. Following the completion of the sale, the chief financial officer now owns 232,503 shares of the company's stock, valued at $5,496,370.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Clearwater Analytics news, CFO James S. Cox sold 13,700 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $323,868.00. Following the transaction, the chief financial officer now directly owns 232,503 shares in the company, valued at $5,496,370.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Subi Sethi sold 21,497 shares of Clearwater Analytics stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total value of $522,377.10. Following the completion of the transaction, the insider now owns 81,812 shares in the company, valued at $1,988,031.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,864,693 shares of company stock valued at $45,128,342 over the last quarter. Company insiders own 3.46% of the company's stock.

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.