SG Americas Securities LLC Sells 625 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

SG Americas Securities LLC lessened its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,537 shares of the company’s stock after selling 625 shares during the quarter. SG Americas Securities LLC’s holdings in Clearwater Analytics were worth $152,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC lifted its holdings in Clearwater Analytics by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after purchasing an additional 395 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after buying an additional 598 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after buying an additional 995 shares during the period. Finally, Captrust Financial Advisors grew its stake in Clearwater Analytics by 7.7% in the 3rd quarter. Captrust Financial Advisors now owns 14,319 shares of the company’s stock valued at $362,000 after buying an additional 1,026 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total value of $4,027,637.68. Following the transaction, the chief executive officer now owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the completion of the sale, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,162 shares of company stock worth $7,060,811 in the last quarter. 4.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. The Goldman Sachs Group increased their target price 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 upped their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada lowered their price objective on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Finally, Morgan Stanley upgraded shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $34.00 in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $28.13 on Tuesday. The firm has a market cap of $6.95 billion, a P/E ratio of 2,815.32, a P/E/G ratio of 7.82 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. 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 firm has a 50 day simple moving average of $28.30 and a 200 day simple moving average of $26.77.

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.