Champlain Investment Partners LLC Purchases New Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Champlain Investment Partners LLC acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the third quarter, according to its most recent filing with the SEC. The fund acquired 2,121,155 shares of the company’s stock, valued at approximately $53,559,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CWAN. Chartwell Investment Partners LLC boosted its holdings in shares of Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after acquiring an additional 395 shares during the period. Blair William & Co. IL lifted its holdings in Clearwater Analytics by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock worth $786,000 after purchasing an additional 680 shares in the last quarter. Arizona State Retirement System boosted its stake in Clearwater Analytics by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock worth $757,000 after purchasing an additional 828 shares during the period. Advisors Asset Management Inc. grew its holdings in Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after buying an additional 995 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics during the third quarter valued at about $45,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Trading Up 0.5 %

Shares of CWAN stock opened at $31.91 on Friday. The business has a 50-day moving average price of $26.99 and a two-hundred day moving average price of $22.84. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $7.88 billion, a P/E ratio of 3,194.19, a price-to-earnings-growth ratio of 11.34 and a beta of 0.61.

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of analyst reports. Piper Sandler raised their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson downgraded shares of 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 report on Friday, November 8th. The Goldman Sachs Group upped their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Morgan Stanley lifted their price objective 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, Royal Bank of Canada upped 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.11.

Insider Activity at Clearwater Analytics

In other news, Director Galibier Purchaser, Llc sold 1,784,316 shares of the firm’s stock in a transaction dated 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 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 dated Monday, September 16th. The shares were sold at an average price of $24.44, for a total value of $457,028.00. Following the completion of the sale, the chief financial officer now directly owns 227,503 shares of the company’s stock, valued at approximately $5,560,173.32. This trade represents a 7.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,852,086 shares of company stock valued at $44,971,367. Corporate insiders own 3.25% of the company’s stock.

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.