Orion Portfolio Solutions LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Orion Portfolio Solutions LLC purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,711 shares of the company’s stock, valued at approximately $346,000.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Clearwater Analytics by 10.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,003,930 shares of the company’s stock worth $75,849,000 after purchasing an additional 281,958 shares in the last quarter. State Street Corp grew its stake in shares of Clearwater Analytics by 38.7% in the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after acquiring an additional 1,009,548 shares during the last quarter. Stifel Financial Corp raised its position in shares of Clearwater Analytics by 5.9% in the 3rd quarter. Stifel Financial Corp now owns 186,227 shares of the company’s stock worth $4,702,000 after purchasing an additional 10,378 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Clearwater Analytics by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after purchasing an additional 598 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Clearwater Analytics during the 3rd quarter valued at about $237,000. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CWAN. Royal Bank of Canada upped their target price on shares of 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 target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their price target for the company from $31.00 to $35.00 in a report on Friday, November 8th. Piper Sandler lifted their price objective on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer upped their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. One equities 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.89.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the transaction, the executive now owns 6,373 shares of the company’s stock, valued at $161,746.74. This trade represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares in the company, valued at approximately $6,645,794.96. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,942 shares of company stock valued at $5,972,366. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $27.90 on Thursday. 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 stock has a market capitalization of $6.89 billion, a PE ratio of 2,792.79, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The firm’s 50 day moving average price is $28.87 and its 200-day moving average price is $24.37. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71.

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.