Oppenheimer & Co. Inc. Invests $835,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Oppenheimer & Co. Inc. acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,062 shares of the company’s stock, valued at approximately $835,000.

A number of other hedge funds also recently bought and sold shares of CWAN. Chartwell Investment Partners LLC grew its stake in shares of Clearwater Analytics by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after purchasing an additional 395 shares during the period. Blair William & Co. IL boosted its holdings in shares of Clearwater Analytics by 1.6% in the second quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock worth $786,000 after buying an additional 680 shares during the last quarter. Arizona State Retirement System grew its position in Clearwater Analytics by 2.1% during the second quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock valued at $757,000 after buying an additional 828 shares during the period. Advisors Asset Management Inc. increased its holdings in Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after buying an additional 1,234 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Clearwater Analytics during the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Trading Up 2.8 %

Clearwater Analytics stock opened at $30.82 on Wednesday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm’s 50 day moving average price is $26.68 and its 200-day moving average price is $22.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The stock has a market cap of $7.61 billion, a P/E ratio of 3,082.00, a PEG ratio of 10.89 and a beta of 0.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective 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. Oppenheimer boosted their price target on Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised 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 research note on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their target price for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.67.

Insider Activity at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $24.44, for a total value of $457,028.00. Following the completion of the transaction, the chief financial officer now directly owns 227,503 shares of the company’s stock, valued at approximately $5,560,173.32. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the sale, the executive now owns 6,373 shares in the company, valued at $199,729.82. This represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,852,086 shares of company stock valued at $44,971,367. Corporate insiders own 3.25% 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.