Los Angeles Capital Management LLC Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Los Angeles Capital Management LLC acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,260 shares of the company’s stock, valued at approximately $360,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in Clearwater Analytics by 268.8% during the 1st 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 stake in Clearwater Analytics during the 3rd quarter valued at approximately $45,000. Financial Management Professionals Inc. purchased a new stake in Clearwater Analytics during the 3rd quarter valued at approximately $58,000. Benjamin F. Edwards & Company Inc. raised its stake in Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in Clearwater Analytics during the 3rd quarter valued at approximately $117,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Trading Up 0.1 %

Shares of Clearwater Analytics stock opened at $30.49 on Monday. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The firm has a market cap of $7.53 billion, a PE ratio of 3,052.05, a P/E/G ratio of 10.89 and a beta of 0.61. The business’s fifty day moving average is $26.42 and its two-hundred day moving average is $22.54. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Oppenheimer upped their price objective on Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. Piper Sandler upped 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. Morgan Stanley upped their price target on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Citigroup started coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.67.

Insiders Place Their Bets

In other Clearwater Analytics news, insider Subi Sethi sold 21,497 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total transaction of $522,377.10. Following the transaction, the insider now owns 81,812 shares of the company’s stock, valued at $1,988,031.60. This represents a 20.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $24.18, for a total value of $43,144,760.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,854,883 shares of company stock valued at $44,926,386 in the last quarter. 3.25% of the stock is currently owned by company insiders.

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.