GAMMA Investing LLC Buys 468 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

GAMMA Investing LLC raised its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWANFree Report) by 57.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,284 shares of the company’s stock after acquiring an additional 468 shares during the quarter. GAMMA Investing LLC’s holdings in Clearwater Analytics were worth $35,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CWAN. Rhumbline Advisers raised its stake in shares of Clearwater Analytics by 8,171.7% in the 2nd quarter. Rhumbline Advisers now owns 185,948 shares of the company’s stock valued at $3,444,000 after buying an additional 183,700 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Clearwater Analytics by 21.5% during the 2nd quarter. Victory Capital Management Inc. now owns 15,459 shares of the company’s stock valued at $286,000 after purchasing an additional 2,734 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Clearwater Analytics by 42.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 166,882 shares of the company’s stock valued at $3,091,000 after purchasing an additional 49,804 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Clearwater Analytics by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 282,880 shares of the company’s stock valued at $5,239,000 after buying an additional 4,879 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Clearwater Analytics in the second quarter worth $90,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $26.48 on Wednesday. The stock has a fifty day moving average of $29.35 and a 200-day moving average of $25.50. The stock has a market capitalization of $6.54 billion, a P/E ratio of 2,650.65, a price-to-earnings-growth ratio of 10.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Analyst Ratings Changes

CWAN has been the topic of several research reports. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the company from $35.00 to $32.00 in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday. Piper Sandler boosted their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer raised their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.89.

Check Out Our Latest Stock Report on CWAN

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the transaction, the chief financial officer now owns 219,044 shares in the company, valued at approximately $6,645,794.96. This represents a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the sale, the executive now owns 6,373 shares of the company’s stock, valued at approximately $199,729.82. This represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,352 shares of company stock worth $5,384,446. 4.60% of the stock is currently owned by company insiders.

Clearwater Analytics Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clearwater Analytics (NYSE:CWAN)

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