Barclays PLC Buys 293,719 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Barclays PLC boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 105.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 571,860 shares of the company’s stock after purchasing an additional 293,719 shares during the period. Barclays PLC’s holdings in Clearwater Analytics were worth $14,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CWAN. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Clearwater Analytics during the third quarter worth about $45,000. Financial Management Professionals Inc. bought a new stake in Clearwater Analytics in the 3rd quarter valued at approximately $58,000. Benjamin F. Edwards & Company Inc. boosted its position 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 acquiring an additional 2,425 shares during the last quarter. Amalgamated Bank bought a new position in shares of Clearwater Analytics during the 2nd quarter worth approximately $90,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price objective 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. Citigroup initiated coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective for the company. The Goldman Sachs Group upped their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Finally, DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their price target for the company from $31.00 to $35.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.89.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the 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 transaction, the executive now directly owns 6,373 shares of the company’s stock, valued at $161,746.74. This represents a 37.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the sale, the chief executive officer now owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,242 shares of company stock valued at $5,417,911 over the last three months. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Down 1.8 %

Shares of NYSE:CWAN opened at $29.56 on Monday. The company has a 50-day simple moving average of $28.69 and a 200 day simple moving average of $24.22. The company has a market capitalization of $7.30 billion, a P/E ratio of 2,956.00, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week 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.