Quest Partners LLC Has $48,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Quest Partners LLC reduced its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 83.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,886 shares of the company’s stock after selling 9,231 shares during the period. Quest Partners LLC’s holdings in Clearwater Analytics were worth $48,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CWAN. California State Teachers Retirement System grew its stake in Clearwater Analytics by 22.3% in the first quarter. California State Teachers Retirement System now owns 131,341 shares of the company’s stock valued at $2,323,000 after acquiring an additional 23,971 shares during the period. Jane Street Group LLC lifted its stake in shares of Clearwater Analytics by 234.2% in the first quarter. Jane Street Group LLC now owns 265,818 shares of the company’s stock valued at $4,702,000 after buying an additional 186,273 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Clearwater Analytics during the second quarter valued at about $1,797,000. Aigen Investment Management LP bought a new stake in shares of Clearwater Analytics during the third quarter worth about $523,000. Finally, Swiss National Bank raised its holdings in shares of Clearwater Analytics by 8.5% in the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company’s stock worth $7,901,000 after acquiring an additional 24,600 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the sale, the executive now owns 4,844 shares of the company’s stock, valued at $115,045. This trade represents a 44.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the sale, the chief financial officer now directly owns 219,044 shares in the company, valued at approximately $6,645,794.96. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,770 shares of company stock worth $1,826,606 in the last ninety days. 4.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price target for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Citigroup began coverage on shares of Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Oppenheimer boosted their price target on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.11.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $31.04 on Friday. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 3,107.11, a PEG ratio of 11.13 and a beta of 0.61. The business has a 50 day moving average of $27.80 and a 200 day moving average of $23.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71.

Clearwater Analytics Profile

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.