Associated Banc Corp Invests $283,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Associated Banc Corp purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,204 shares of the company’s stock, valued at approximately $283,000.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after buying an additional 1,234 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics during the 3rd quarter worth $45,000. Financial Management Professionals Inc. purchased a new position in Clearwater Analytics during the 3rd quarter worth $58,000. 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 purchased a new position in Clearwater Analytics during the 3rd quarter worth $117,000. 50.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $161,746.74. This represents a 37.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $24.44, for a total transaction of $457,028.00. Following the completion of the sale, the chief financial officer now owns 227,503 shares of the company’s stock, valued at $5,560,173.32. This trade represents a 7.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,770 shares of company stock worth $1,826,606. Company insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $32.21 on Wednesday. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 3,224.22, a PEG ratio of 11.41 and a beta of 0.61. 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 company’s 50-day moving average is $27.31 and its two-hundred day moving average is $23.11. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CWAN. Royal Bank of Canada boosted their target price on Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Wells Fargo & Company boosted 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. Piper Sandler boosted their price target on Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price target on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics currently has an average rating of “Hold” and an average target price of $31.11.

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.