Quantbot Technologies LP Increases Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Quantbot Technologies LP increased its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 2.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 82,323 shares of the company’s stock after buying an additional 2,225 shares during the quarter. Quantbot Technologies LP’s holdings in Clearwater Analytics were worth $2,079,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after acquiring an additional 1,234 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics in the third quarter valued at approximately $45,000. Financial Management Professionals Inc. bought a new position in Clearwater Analytics during the third quarter valued at $58,000. Benjamin F. Edwards & Company Inc. increased its position 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 buying an additional 2,425 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Clearwater Analytics in the third quarter valued at $117,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $31.17 on Friday. The business has a 50-day simple moving average of $27.58 and a 200 day simple moving average of $23.27. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 3,117.00, a PEG ratio of 11.57 and a beta of 0.61. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Insider Transactions at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the sale, the executive now owns 4,844 shares in the company, valued at $115,045. The trade was a 44.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $24.44, for a total transaction of $457,028.00. Following the transaction, the chief financial officer now directly owns 227,503 shares in the company, valued at $5,560,173.32. This trade represents a 7.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,770 shares of company stock valued at $1,826,606. 4.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CWAN has been the subject of several research reports. Oppenheimer increased their price target on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, 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. 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.11.

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.