Artisan Partners Limited Partnership Purchases 568,526 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Artisan Partners Limited Partnership lifted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 20.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,373,530 shares of the company’s stock after acquiring an additional 568,526 shares during the quarter. Artisan Partners Limited Partnership owned approximately 1.40% of Clearwater Analytics worth $53,538,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CWAN. Allspring Global Investments Holdings LLC increased its holdings in Clearwater Analytics by 47.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,794,611 shares of the company’s stock valued at $28,480,000 after purchasing an additional 573,777 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Clearwater Analytics by 52.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,828 shares of the company’s stock valued at $173,000 after purchasing an additional 3,702 shares during the last quarter. Virtu Financial LLC bought a new stake in Clearwater Analytics in the second quarter valued at about $162,000. Formula Growth Ltd. bought a new stake in Clearwater Analytics in the first quarter valued at about $3,511,000. Finally, Prelude Capital Management LLC bought a new stake in Clearwater Analytics in the first quarter valued at about $469,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Up 0.2 %

CWAN stock opened at $21.21 on Friday. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $19.41 and a two-hundred day moving average price of $17.47. The company has a market cap of $5.17 billion, a price-to-earnings ratio of -192.82 and a beta of 0.39. Clearwater Analytics Holdings, Inc. has a twelve month low of $13.02 and a twelve month high of $21.77.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $21.34, for a total value of $213,400.00. Following the completion of the transaction, the chief financial officer now directly owns 77,372 shares in the company, valued at $1,651,118.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 11,245,500 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $17.31, for a total transaction of $194,659,605.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James S. Cox sold 10,000 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $21.34, for a total value of $213,400.00. Following the transaction, the chief financial officer now owns 77,372 shares of the company’s stock, valued at $1,651,118.48. The disclosure for this sale can be found here. Insiders sold a total of 15,802,739 shares of company stock worth $274,095,376 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CWAN. DA Davidson raised their price target on Clearwater Analytics from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Loop Capital raised Clearwater Analytics from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $25.00 in a research report on Monday, September 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Clearwater Analytics in a research report on Friday, September 22nd. UBS Group assumed coverage on Clearwater Analytics in a research report on Tuesday, November 7th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Piper Sandler reiterated a “neutral” rating and set a $20.00 price objective on shares of Clearwater Analytics in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.86.

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.