Segall Bryant & Hamill LLC Reduces Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Segall Bryant & Hamill LLC trimmed its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 332,931 shares of the company’s stock after selling 13,598 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Clearwater Analytics were worth $8,407,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CWAN. Advisors Asset Management Inc. grew its holdings in shares of Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after purchasing an additional 1,234 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Clearwater Analytics in the 3rd quarter worth $45,000. Financial Management Professionals Inc. bought a new stake in Clearwater Analytics in the 3rd quarter worth $58,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of Clearwater Analytics during the second quarter worth about $90,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, Director Galibier Purchaser, Llc sold 1,784,316 shares of Clearwater Analytics stock in a transaction on Monday, August 26th. The stock was sold at an average price of $24.18, for a total transaction of $43,144,760.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $30.34, for a total value 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 approximately $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 1,852,086 shares of company stock valued at $44,971,367 in the last three months. Company insiders own 3.25% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $31.75 on Friday. The company’s fifty day moving average price is $26.82 and its 200-day moving average price is $22.78. The stock has a market cap of $7.84 billion, a PE ratio of 3,173.17, a price-to-earnings-growth ratio of 11.01 and a beta of 0.61. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Analysts Set New Price Targets

CWAN has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Morgan Stanley boosted their target price 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. Citigroup began coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 price target for the company. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Finally, Oppenheimer raised their target price on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.67.

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.