Sanctuary Advisors LLC Boosts Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Sanctuary Advisors LLC raised its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 30.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,126 shares of the company’s stock after buying an additional 4,923 shares during the quarter. Sanctuary Advisors LLC’s holdings in Clearwater Analytics were worth $533,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Clearwater Analytics by 43.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 62,178 shares of the company’s stock worth $1,570,000 after buying an additional 18,712 shares during the last quarter. Geode Capital Management LLC increased its stake in Clearwater Analytics by 5.7% during the third quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock worth $88,710,000 after acquiring an additional 187,881 shares during the last quarter. Bullseye Asset Management LLC raised its position in Clearwater Analytics by 46.1% during the third quarter. Bullseye Asset Management LLC now owns 111,000 shares of the company’s stock valued at $2,803,000 after purchasing an additional 35,000 shares during the period. Barclays PLC lifted its stake in shares of Clearwater Analytics by 105.6% in the 3rd quarter. Barclays PLC now owns 571,860 shares of the company’s stock valued at $14,439,000 after purchasing an additional 293,719 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Clearwater Analytics in the 3rd quarter worth approximately $346,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $28.52 on Thursday. The company has a market capitalization of $7.05 billion, a P/E ratio of 2,854.85, a P/E/G ratio of 10.57 and a beta of 0.69. The company’s 50-day simple moving average is $29.12 and its two-hundred day simple moving average is $24.68. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CWAN shares. Wells Fargo & Company increased their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Oppenheimer raised their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Piper Sandler increased their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.89.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $25.38, for a total value of $98,728.20. Following the completion of the sale, the executive now owns 6,373 shares in the company, valued at approximately $161,746.74. The trade was a 37.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 139,172 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the transaction, the chief executive officer now owns 441,724 shares in the company, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,942 shares of company stock valued at $5,972,366 over the last quarter. 4.60% of the stock is owned by corporate insiders.

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.