Sanctuary Advisors LLC Buys 4,923 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Sanctuary Advisors LLC boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 30.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,126 shares of the company’s stock after purchasing an additional 4,923 shares during the quarter. Sanctuary Advisors LLC’s holdings in Clearwater Analytics were worth $533,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CWAN. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $45,000. Financial Management Professionals Inc. purchased a new stake in shares of Clearwater Analytics during the 3rd quarter valued at $58,000. Advisors Asset Management Inc. boosted its position in shares of Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew 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 worth $81,000 after buying an additional 2,425 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Clearwater Analytics during the 3rd quarter valued at about $117,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $28.52 on Thursday. The firm’s fifty day moving average is $29.12 and its two-hundred day moving average is $24.68. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 2,854.85, a PEG ratio of 10.57 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $29.65, for a total value of $554,455.00. Following the completion of the transaction, the chief financial officer now owns 214,044 shares in the company, valued at approximately $6,346,404.60. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $25.38, for a total value of $98,728.20. Following the sale, the executive now owns 6,373 shares in the company, valued at $161,746.74. This trade represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,942 shares of company stock worth $5,972,366 over the last quarter. 4.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CWAN. The Goldman Sachs Group boosted their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $35.00 in a report on Friday, November 8th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Finally, Oppenheimer raised their target price on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.89.

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.