Captrust Financial Advisors Has $362,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Captrust Financial Advisors raised its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,319 shares of the company’s stock after acquiring an additional 1,026 shares during the period. Captrust Financial Advisors’ holdings in Clearwater Analytics were worth $362,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics during the third quarter worth $45,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter worth $58,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after purchasing an additional 2,425 shares during the period. Amalgamated Bank bought a new stake in shares of Clearwater Analytics in the 2nd quarter valued at about $90,000. Finally, Advisors Asset Management Inc. increased its stake in Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after purchasing an additional 995 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the transaction, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at $5,860,991.04. The trade was a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $29.07, for a total transaction of $113,082.30. Following the completion of the transaction, the executive now directly owns 6,373 shares in the company, valued at $185,263.11. The trade was a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,942 shares of company stock worth $5,874,939 over the last ninety days. 4.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on CWAN shares. Oppenheimer boosted their target price on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their target price on Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Morgan Stanley lifted their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Piper Sandler increased their price objective 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. Finally, DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $31.00 to $35.00 in a research report on Friday, November 8th. One investment 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’s stock. According to data from MarketBeat, Clearwater Analytics has an average rating of “Hold” and a consensus target price of $31.89.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $29.55 on Friday. 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 business has a 50-day moving average of $28.69 and a 200-day moving average of $24.15. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 2,957.46, a PEG ratio of 10.57 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

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.