Royce & Associates LP Invests $1.87 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Royce & Associates LP acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 74,000 shares of the company’s stock, valued at approximately $1,868,000.

Several other hedge funds have also recently added to or reduced their stakes in CWAN. Oppenheimer & Co. Inc. acquired a new stake in Clearwater Analytics in the third quarter worth $835,000. Oppenheimer Asset Management Inc. raised its stake in Clearwater Analytics by 3.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 171,998 shares of the company’s stock worth $4,343,000 after buying an additional 5,116 shares during the period. Victory Capital Management Inc. raised its stake in Clearwater Analytics by 12.7% during the 3rd quarter. Victory Capital Management Inc. now owns 17,423 shares of the company’s stock worth $440,000 after buying an additional 1,964 shares during the period. Aigen Investment Management LP bought a new position in Clearwater Analytics during the third quarter worth about $523,000. Finally, Chartwell Investment Partners LLC grew its stake in Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after acquiring an additional 395 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling

In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares in the company, valued at approximately $6,645,794.96. The trade was a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $24.18, for a total transaction of $43,144,760.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,852,086 shares of company stock worth $44,971,367. Corporate insiders own 3.25% of the company’s stock.

Analyst Ratings Changes

CWAN has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer increased their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. 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. Finally, Royal Bank of Canada increased their target price on Clearwater Analytics from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.67.

Clearwater Analytics Trading Up 2.8 %

Clearwater Analytics stock opened at $30.82 on Wednesday. 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 firm has a 50-day moving average of $26.68 and a 200-day moving average of $22.72. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 3,082.00, a P/E/G ratio of 10.89 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71.

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.