Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Holdings Raised by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,700,705 shares of the company’s stock after acquiring an additional 127,205 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.69% of Clearwater Analytics worth $46,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Clearwater Analytics during the 3rd quarter valued at approximately $3,677,000. Loomis Sayles & Co. L P boosted its position in Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after purchasing an additional 327,880 shares during the period. Swiss National Bank boosted its position in Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company’s stock valued at $7,901,000 after purchasing an additional 24,600 shares during the period. Stephens Investment Management Group LLC boosted its position in Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock valued at $34,926,000 after purchasing an additional 830,684 shares during the period. Finally, Aigen Investment Management LP acquired a new position in Clearwater Analytics during the 3rd quarter valued at approximately $523,000. 50.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CWAN has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Royal Bank of Canada reduced their price target on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. Oppenheimer boosted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler boosted their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the sale, the chief executive officer now directly owns 441,724 shares of the company’s stock, valued at $12,783,492.56. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total value of $113,082.30. Following the sale, the executive now directly owns 6,373 shares in the company, valued at $185,263.11. This trade represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 299,162 shares of company stock valued at $8,386,024 over the last three months. Company insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Up 2.8 %

Shares of Clearwater Analytics stock opened at $27.66 on Wednesday. The stock’s fifty day moving average is $28.08 and its 200-day moving average is $27.01. The firm has a market capitalization of $6.83 billion, a PE ratio of 2,768.27, a price-to-earnings-growth ratio of 7.82 and a beta of 0.72. 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 12-month low of $15.62 and a 12-month high of $35.71.

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.