Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,003,930 shares of the company's stock after buying an additional 281,958 shares during the quarter. Wellington Management Group LLP owned approximately 1.22% of Clearwater Analytics worth $75,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Clearwater Analytics in the 3rd quarter worth approximately $45,000. Financial Management Professionals Inc. bought a new position in Clearwater Analytics during the third quarter worth $58,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Clearwater Analytics by 124.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock worth $81,000 after purchasing an additional 2,425 shares during the period. Amalgamated Bank bought a new stake in Clearwater Analytics during the second quarter valued at $90,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Clearwater Analytics by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock worth $90,000 after purchasing an additional 995 shares during the period. Institutional investors and hedge funds own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities 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 for the company. Wells Fargo & Company upped their target price on Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Piper Sandler raised their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Oppenheimer upped their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley increased their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. 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. Based on data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of "Hold" and a consensus target price of $31.89.

Clearwater Analytics Price Performance

CWAN stock traded up $0.58 during trading on Wednesday, hitting $29.60. The company had a trading volume of 2,866,996 shares, compared to its average volume of 1,679,487. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 2,901.50, a P/E/G ratio of 10.62 and a beta of 0.68. 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 business has a 50 day moving average of $28.41 and a 200 day moving average of $23.99. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $24.44, for a total value of $457,028.00. Following the sale, the chief financial officer now owns 227,503 shares of the company's stock, valued at approximately $5,560,173.32. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 139,172 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 441,724 shares of the company's stock, valued at $12,783,492.56. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 206,942 shares of company stock valued at $5,874,939. Company insiders own 4.60% of the company's stock.

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.