Chartwell Investment Partners LLC Has $1.23 Million Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Chartwell Investment Partners LLC increased its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.8% during the third quarter, Holdings Channel reports. The fund owned 48,827 shares of the company’s stock after acquiring an additional 395 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Clearwater Analytics were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new stake in shares of Clearwater Analytics in the third quarter valued at approximately $360,000. Atria Investments Inc raised its holdings in Clearwater Analytics by 5.7% in the 3rd quarter. Atria Investments Inc now owns 36,653 shares of the company’s stock valued at $925,000 after buying an additional 1,971 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Clearwater Analytics by 348.3% in the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock worth $2,141,000 after acquiring an additional 65,878 shares during the period. Emerald Advisers LLC bought a new stake in Clearwater Analytics in the third quarter valued at approximately $10,150,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Clearwater Analytics during the third quarter worth $7,455,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

Clearwater Analytics stock opened at $29.79 on Wednesday. The firm’s 50 day simple moving average is $26.02 and its 200 day simple moving average is $22.23. The company has a current ratio of 4.66, a quick ratio of 4.78 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The firm has a market capitalization of $7.34 billion, a PE ratio of 2,981.98, a price-to-earnings-growth ratio of 11.56 and a beta of 0.61.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Oppenheimer lifted their price objective on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on shares of Clearwater Analytics from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. Finally, Wells Fargo & Company lifted their price target on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Clearwater Analytics currently has an average rating of “Hold” and a consensus price target of $30.67.

Insiders Place Their Bets

In other news, CFO James S. Cox sold 13,700 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $323,868.00. Following the completion of the transaction, the chief financial officer now owns 232,503 shares of the company’s stock, valued at approximately $5,496,370.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Subi Sethi sold 21,497 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total transaction of $522,377.10. Following the transaction, the insider now owns 81,812 shares in the company, valued at $1,988,031.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James S. Cox sold 13,700 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $323,868.00. Following the transaction, the chief financial officer now owns 232,503 shares of the company’s stock, valued at approximately $5,496,370.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,864,693 shares of company stock worth $45,128,342 in the last ninety days. 3.46% of the stock is currently owned by insiders.

Clearwater Analytics 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.