Scalar Gauge Management LLC Increases Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Scalar Gauge Management LLC grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 35.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 566,985 shares of the company’s stock after purchasing an additional 147,985 shares during the quarter. Clearwater Analytics makes up approximately 7.6% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 2nd largest position. Scalar Gauge Management LLC owned approximately 0.23% of Clearwater Analytics worth $14,316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CWAN. Captrust Financial Advisors lifted its holdings in shares of Clearwater Analytics by 7.7% in the 3rd quarter. Captrust Financial Advisors now owns 14,319 shares of the company’s stock worth $362,000 after buying an additional 1,026 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Clearwater Analytics by 6.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,159 shares of the company’s stock valued at $711,000 after purchasing an additional 1,704 shares in the last quarter. FORA Capital LLC bought a new position in Clearwater Analytics in the third quarter worth approximately $1,056,000. MetLife Investment Management LLC boosted its position in Clearwater Analytics by 144.1% during the 3rd quarter. MetLife Investment Management LLC now owns 86,426 shares of the company’s stock valued at $2,182,000 after acquiring an additional 51,022 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of Clearwater Analytics by 129.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 69,828 shares of the company’s stock worth $1,763,000 after acquiring an additional 39,343 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the transaction, the chief financial officer now directly owns 224,044 shares in the company, valued at $5,860,991.04. The trade was a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the sale, the executive now directly owns 4,844 shares in the company, valued at $115,045. This represents a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,770 shares of company stock worth $1,826,606. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Price Performance

NYSE CWAN opened at $31.04 on Friday. The stock’s fifty day moving average price is $27.69 and its 200 day moving average price is $23.32. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. 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 has a market cap of $7.67 billion, a price-to-earnings ratio of 3,107.11, a PEG ratio of 11.13 and a beta of 0.61.

Analyst Ratings Changes

Several equities analysts have issued reports on CWAN shares. Royal Bank of Canada lifted their target price on Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Wells Fargo & Company boosted their price objective on shares of Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” 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 raised their target price for the company from $31.00 to $35.00 in a research note on Friday, November 8th. The Goldman Sachs Group increased their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, Oppenheimer boosted their target price on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.