Victory Capital Management Inc. Acquires 1,964 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Victory Capital Management Inc. boosted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 12.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,423 shares of the company’s stock after acquiring an additional 1,964 shares during the quarter. Victory Capital Management Inc.’s holdings in Clearwater Analytics were worth $440,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC grew its holdings in Clearwater Analytics by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after acquiring an additional 395 shares during the last quarter. Blair William & Co. IL grew its holdings in Clearwater Analytics by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock worth $786,000 after acquiring an additional 680 shares during the last quarter. Arizona State Retirement System grew its holdings in Clearwater Analytics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock worth $757,000 after acquiring an additional 828 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Clearwater Analytics during the 3rd quarter worth approximately $45,000. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Stock Down 0.4 %

Shares of NYSE CWAN opened at $31.04 on Friday. The firm has a market cap of $7.67 billion, a PE ratio of 3,120.12, a P/E/G ratio of 11.13 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The company’s fifty day simple moving average is $27.69 and its 200 day simple moving average is $23.32. 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 Buying and Selling

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total transaction of $92,387.50. Following the transaction, the executive now directly owns 4,844 shares of the company’s stock, valued at $115,045. This represents a 44.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction 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 owns 227,503 shares in the company, valued at approximately $5,560,173.32. The trade was a 7.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,770 shares of company stock valued at $1,826,606 over the last ninety days. 4.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price objective 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. DA Davidson lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their price objective for the company from $31.00 to $35.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, Oppenheimer upped their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Hold” and a consensus price target of $31.11.

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.