Exchange Traded Concepts LLC Boosts Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Exchange Traded Concepts LLC boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,158 shares of the company’s stock after purchasing an additional 521 shares during the period. Exchange Traded Concepts LLC’s holdings in Clearwater Analytics were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CWAN. Wasatch Advisors LP lifted its stake in shares of Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after buying an additional 559,564 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in Clearwater Analytics by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock valued at $171,156,000 after acquiring an additional 107,210 shares during the period. State Street Corp lifted its position in shares of Clearwater Analytics by 38.7% during 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clearwater Analytics by 5.7% in the third quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock worth $88,710,000 after acquiring an additional 187,881 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in shares of Clearwater Analytics by 11.1% in 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 in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the transaction, the executive now owns 6,373 shares in the company, valued at $199,729.82. This trade represents a 37.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the sale, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,052 shares of company stock worth $7,182,724. Corporate insiders own 4.60% of the company’s stock.

Clearwater Analytics Price Performance

CWAN stock opened at $28.18 on Friday. The firm has a 50 day simple moving average of $28.66 and a two-hundred day simple moving average of $26.37. 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 stock has a market cap of $6.96 billion, a PE ratio of 2,820.82, a P/E/G ratio of 7.71 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CWAN shares. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Royal Bank of Canada lowered their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Piper Sandler boosted their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer increased their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley upgraded shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $30.00 to $34.00 in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.33.

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.