Townsquare Capital LLC Sells 3,407 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Townsquare Capital LLC cut its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 7.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,420 shares of the company’s stock after selling 3,407 shares during the quarter. Townsquare Capital LLC’s holdings in Clearwater Analytics were worth $1,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in Clearwater Analytics by 171.4% during the third quarter. FMR LLC now owns 9,169 shares of the company’s stock worth $232,000 after purchasing an additional 5,790 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Clearwater Analytics by 2.8% during the 3rd quarter. Quantbot Technologies LP now owns 82,323 shares of the company’s stock worth $2,079,000 after buying an additional 2,225 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Clearwater Analytics by 6.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 79,809 shares of the company’s stock valued at $2,015,000 after acquiring an additional 4,821 shares in the last quarter. Associated Banc Corp acquired a new stake in shares of Clearwater Analytics in the third quarter valued at about $283,000. Finally, Loomis Sayles & Co. L P boosted its position in Clearwater Analytics by 11.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after purchasing an additional 327,880 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Trading Up 0.1 %

NYSE CWAN opened at $31.08 on Tuesday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The business’s fifty day moving average is $27.91 and its 200 day moving average is $23.55. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 3,108.00, a price-to-earnings-growth ratio of 11.09 and a beta of 0.61.

Insider Transactions at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total value of $92,387.50. Following the sale, the executive now owns 4,844 shares of the company’s stock, valued at $115,045. The trade was a 44.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total value of $489,192.00. Following the transaction, the chief financial officer now directly owns 224,044 shares in the company, valued at $5,860,991.04. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,770 shares of company stock worth $1,826,606. Insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their price target for the company from $31.00 to $35.00 in a research note on Friday, November 8th. The Goldman Sachs Group boosted their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Piper Sandler increased their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer increased their target price on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Morgan Stanley upped their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.11.

Clearwater Analytics 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.