The Manufacturers Life Insurance Company Grows Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

The Manufacturers Life Insurance Company lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,809 shares of the company’s stock after purchasing an additional 4,821 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Clearwater Analytics were worth $2,015,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CWAN. Price T Rowe Associates Inc. MD increased its stake in shares of Clearwater Analytics by 38.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,573 shares of the company’s stock worth $771,000 after buying an additional 12,200 shares during the period. SG Americas Securities LLC purchased a new stake in Clearwater Analytics in the 2nd quarter worth approximately $355,000. Raymond James & Associates raised its holdings in shares of Clearwater Analytics by 0.7% during the second quarter. Raymond James & Associates now owns 648,603 shares of the company’s stock valued at $12,012,000 after acquiring an additional 4,602 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Clearwater Analytics by 66.0% in the second quarter. Bank of New York Mellon Corp now owns 956,527 shares of the company’s stock worth $17,715,000 after acquiring an additional 380,154 shares during the period. Finally, RiverPark Advisors LLC boosted its holdings in Clearwater Analytics by 33.1% in the second quarter. RiverPark Advisors LLC now owns 7,140 shares of the company’s stock valued at $132,000 after acquiring an additional 1,774 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the transaction, the executive now owns 6,373 shares in the company, valued at $161,746.74. The trade was a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total value of $489,192.00. Following the transaction, the chief financial officer now directly owns 224,044 shares in the company, valued at approximately $5,860,991.04. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,880 shares of company stock worth $1,734,219 over the last quarter. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Down 3.1 %

CWAN stock opened at $28.83 on Tuesday. 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 debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The firm has a fifty day moving average price of $28.33 and a 200 day moving average price of $23.92. The firm has a market cap of $7.12 billion, a PE ratio of 2,885.89, a price-to-earnings-growth ratio of 10.62 and a beta of 0.68.

Wall Street Analysts Forecast Growth

CWAN has been the topic of several research reports. Wells Fargo & Company lifted their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Piper Sandler increased their target price on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Citigroup began coverage on Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” 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 given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.89.

Clearwater Analytics Company 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.