Clearwater Analytics (NYSE:CWAN) Sees Large Volume Increase

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw strong trading volume on Monday . 1,376,753 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 712,966 shares.The stock last traded at $19.74 and had previously closed at $19.24.

Analyst Ratings Changes

Several research analysts have recently commented on CWAN shares. Wells Fargo & Company boosted their price target on Clearwater Analytics from $19.00 to $22.00 in a research report on Friday, September 8th. Credit Suisse Group boosted their target price on shares of Clearwater Analytics from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. UBS Group began coverage on shares of Clearwater Analytics in a report on Tuesday, November 7th. They issued a “buy” rating and a $24.00 price target on the stock. DA Davidson boosted their price objective on shares of Clearwater Analytics from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Finally, Loop Capital upgraded shares of Clearwater Analytics from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $25.00 in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.86.

Clearwater Analytics Trading Up 5.5 %

The stock’s 50 day simple moving average is $19.29 and its 200-day simple moving average is $17.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.35 and a current ratio of 6.35.

Insider Activity

In other Clearwater Analytics news, insider Subi Sethi sold 9,406 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $18.21, for a total transaction of $171,283.26. Following the sale, the insider now owns 16,599 shares in the company, valued at approximately $302,267.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Clearwater Analytics news, major shareholder Xii Carbon Analytics Acqu Wcas sold 11,245,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $17.31, for a total value of $194,659,605.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Subi Sethi sold 9,406 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $18.21, for a total transaction of $171,283.26. Following the completion of the sale, the insider now directly owns 16,599 shares in the company, valued at $302,267.79. The disclosure for this sale can be found here. Insiders have sold 15,742,739 shares of company stock valued at $272,815,476 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. raised its position in Clearwater Analytics by 17.8% during the first quarter. Advisor Group Holdings Inc. now owns 6,823 shares of the company’s stock valued at $143,000 after acquiring an additional 1,029 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Clearwater Analytics during the 1st quarter worth approximately $12,870,000. Citigroup Inc. purchased a new position in shares of Clearwater Analytics during the 1st quarter valued at approximately $143,000. BlackRock Inc. lifted its stake in shares of Clearwater Analytics by 4.6% in the 1st quarter. BlackRock Inc. now owns 470,328 shares of the company’s stock valued at $9,877,000 after purchasing an additional 20,705 shares during the period. Finally, Durable Capital Partners LP boosted its holdings in Clearwater Analytics by 11.3% during the first quarter. Durable Capital Partners LP now owns 8,945,959 shares of the company’s stock worth $187,865,000 after buying an additional 908,588 shares in the last quarter. Institutional investors and hedge funds own 50.10% 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.