Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 43.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,178 shares of the company’s stock after purchasing an additional 18,712 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Clearwater Analytics were worth $1,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Clearwater Analytics during the 2nd quarter worth approximately $355,000. Raymond James & Associates increased its position in shares of Clearwater Analytics by 0.7% during the second quarter. Raymond James & Associates now owns 648,603 shares of the company’s stock worth $12,012,000 after acquiring an additional 4,602 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Clearwater Analytics by 66.0% in the second quarter. Bank of New York Mellon Corp now owns 956,527 shares of the company’s stock valued at $17,715,000 after acquiring an additional 380,154 shares in the last quarter. RiverPark Advisors LLC boosted its holdings in Clearwater Analytics by 33.1% in the second quarter. RiverPark Advisors LLC now owns 7,140 shares of the company’s stock valued at $132,000 after purchasing an additional 1,774 shares during the period. Finally, Conestoga Capital Advisors LLC grew its stake in Clearwater Analytics by 2.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 6,671,247 shares of the company’s stock worth $123,551,000 after purchasing an additional 165,000 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Down 0.3 %

Shares of NYSE CWAN opened at $29.55 on Wednesday. The business has a 50-day moving average price of $28.78 and a 200 day moving average price of $24.30. The stock has a market cap of $7.30 billion, a PE ratio of 2,955.00, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.34, for a total transaction of $567,358.00. Following the completion of the sale, the chief financial officer now directly owns 219,044 shares of the company’s stock, valued at $6,645,794.96. This represents a 7.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the sale, the executive now directly owns 6,373 shares of the company’s stock, valued at $161,746.74. The trade was a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,942 shares of company stock worth $5,972,366. 4.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on CWAN. The Goldman Sachs Group upped their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. DA Davidson downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their price objective for the company from $31.00 to $35.00 in a research report on Friday, November 8th. Morgan Stanley lifted their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Oppenheimer increased their target price on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their price target on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.89.

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.