Robeco Institutional Asset Management B.V. Purchases Shares of 124,889 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Robeco Institutional Asset Management B.V. acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 124,889 shares of the company’s stock, valued at approximately $3,437,000. Robeco Institutional Asset Management B.V. owned about 0.05% of Clearwater Analytics as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in Clearwater Analytics by 340.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,988 shares of the company’s stock valued at $1,389,000 after buying an additional 57,969 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Clearwater Analytics in the second quarter worth $91,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Clearwater Analytics during the second quarter valued at $805,000. Sanctuary Advisors LLC bought a new position in Clearwater Analytics during the second quarter valued at $300,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Clearwater Analytics by 46.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company’s stock worth $684,000 after buying an additional 8,600 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $28.18 on Monday. The company’s 50-day simple moving average is $28.66 and its two-hundred day simple moving average is $26.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a market capitalization of $6.96 billion, a P/E ratio of 2,820.82, a P/E/G ratio of 7.71 and a beta of 0.72.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Oppenheimer lifted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on 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. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Morgan Stanley upgraded shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $34.00 in a research report on Friday, January 17th. Finally, Piper Sandler raised 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Insiders Place Their Bets

In related news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares of the company’s stock, valued at $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the sale, the executive now owns 6,373 shares of the company’s stock, valued at approximately $199,729.82. This represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 253,052 shares of company stock worth $7,182,724 in the last ninety days. 4.60% of the stock is owned by company insiders.

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.