Moody Aldrich Partners LLC Raises Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Moody Aldrich Partners LLC grew its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 386,424 shares of the company’s stock after purchasing an additional 94,454 shares during the period. Clearwater Analytics comprises 2.0% of Moody Aldrich Partners LLC’s holdings, making the stock its 3rd largest holding. Moody Aldrich Partners LLC owned 0.16% of Clearwater Analytics worth $10,634,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after buying an additional 468 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Clearwater Analytics in the third quarter valued at $45,000. Financial Management Professionals Inc. bought a new stake in Clearwater Analytics in the third quarter valued at $58,000. Nisa Investment Advisors LLC increased its stake in Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after purchasing an additional 1,987 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in shares of Clearwater Analytics during the second quarter valued at about $90,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $30.00 to $34.00 in a report on Friday, January 17th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Oppenheimer boosted their price target 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. Finally, Piper Sandler lifted 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Clearwater Analytics has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Clearwater Analytics Trading Up 2.9 %

Shares of CWAN opened at $28.91 on Wednesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The stock has a market capitalization of $7.14 billion, a P/E ratio of 2,894.29, a PEG ratio of 7.66 and a beta of 0.72. The firm has a fifty day simple moving average of $28.84 and a two-hundred day simple moving average of $26.22.

Insider Activity at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the sale, the executive now directly owns 6,373 shares in the company, valued at approximately $199,729.82. The trade was a 37.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 253,052 shares of company stock valued at $7,182,724. 4.60% of the stock is owned by insiders.

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.