Atria Investments Inc Has $925,000 Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Atria Investments Inc raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 5.7% in the third quarter, HoldingsChannel reports. The fund owned 36,653 shares of the company’s stock after purchasing an additional 1,971 shares during the quarter. Atria Investments Inc’s holdings in Clearwater Analytics were worth $925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL grew its position in Clearwater Analytics by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after purchasing an additional 680 shares during the period. Arizona State Retirement System grew its holdings in shares of Clearwater Analytics by 2.1% during the second quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock valued at $757,000 after buying an additional 828 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after buying an additional 1,234 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics during the third quarter worth about $45,000. Finally, RiverPark Advisors LLC raised its holdings in shares of Clearwater Analytics by 33.1% in the 2nd quarter. RiverPark Advisors LLC now owns 7,140 shares of the company’s stock worth $132,000 after acquiring an additional 1,774 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $30.49 on Monday. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The company’s 50-day moving average is $26.42 and its 200 day moving average is $22.54. 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 company has a market capitalization of $7.53 billion, a P/E ratio of 3,052.05, a price-to-earnings-growth ratio of 10.89 and a beta of 0.61.

Insider Activity

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the transaction, the executive now owns 6,373 shares in the company, valued at approximately $199,729.82. This represents a 37.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.18, for a total transaction of $43,144,760.88. The disclosure for this sale can be found here. Insiders sold 1,854,883 shares of company stock valued at $44,926,386 in the last three months. Company insiders own 3.25% of the company’s stock.

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of recent research reports. DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $31.00 to $35.00 in a report on Friday, November 8th. Royal Bank of Canada upped their price target on Clearwater Analytics from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Oppenheimer lifted their price objective 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. The Goldman Sachs Group increased their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Clearwater Analytics has a consensus rating of “Hold” and an average target price of $30.67.

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.