Quantbot Technologies LP Increases Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Quantbot Technologies LP grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 2.8% in the third quarter, HoldingsChannel.com reports. The firm owned 82,323 shares of the company’s stock after buying an additional 2,225 shares during the quarter. Quantbot Technologies LP’s holdings in Clearwater Analytics were worth $2,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after buying an additional 1,234 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics in the third quarter worth about $45,000. Financial Management Professionals Inc. purchased a new position in Clearwater Analytics during the 3rd quarter valued at about $58,000. Benjamin F. Edwards & Company Inc. raised its position in Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Amalgamated Bank purchased a new stake in Clearwater Analytics in the 2nd quarter worth approximately $90,000. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $24.44, for a total transaction of $457,028.00. Following the completion of the sale, the chief financial officer now directly owns 227,503 shares in the company, valued at approximately $5,560,173.32. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $121,912.60. Following the completion of the transaction, the executive now owns 6,373 shares in the company, valued at approximately $199,729.82. This represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,770 shares of company stock worth $1,826,606. 4.60% of the stock is owned by insiders.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $31.17 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a 50 day simple moving average of $27.58 and a two-hundred day simple moving average of $23.27. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 3,117.00, a P/E/G ratio of 11.57 and a beta of 0.61.

Wall Street Analysts Forecast Growth

CWAN has been the topic of several research analyst reports. Citigroup assumed coverage on Clearwater Analytics in a research note on Monday, August 19th. They set a “buy” rating and a $28.00 target price on the stock. Piper Sandler upped their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Oppenheimer increased their price target on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.