Jackson Square Capital LLC Purchases Shares of 20,293 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Jackson Square Capital LLC bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,293 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its stake in Clearwater Analytics by 3.2% during the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after acquiring an additional 559,564 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Clearwater Analytics by 1.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,374,673 shares of the company’s stock worth $210,659,000 after acquiring an additional 128,402 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Clearwater Analytics by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock worth $171,156,000 after acquiring an additional 107,210 shares during the last quarter. State Street Corp boosted its stake in Clearwater Analytics by 38.7% in the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after purchasing an additional 1,009,548 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Clearwater Analytics by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock valued at $88,710,000 after acquiring an additional 187,881 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Trading Up 3.4 %

Shares of CWAN stock opened at $28.01 on Friday. The stock has a market capitalization of $6.92 billion, a PE ratio of 2,803.40, a P/E/G ratio of 7.27 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The business has a 50-day moving average of $29.12 and a 200 day moving average of $25.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price target on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group upped their target price on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased 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. Piper Sandler raised their target price on Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $30.00 to $34.00 in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Clearwater Analytics presently has an average rating of “Moderate Buy” and an average target price of $31.33.

Insider Buying and Selling at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the sale, the executive now owns 6,373 shares in the company, valued at $199,729.82. This represents a 37.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the completion of the sale, the chief financial officer now owns 279,857 shares in the company, valued at $7,539,347.58. The trade was a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 253,052 shares of company stock valued at $7,182,724 in the last 90 days. Insiders own 4.60% 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.