Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock Holdings Lifted by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 8.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,700,705 shares of the company’s stock after buying an additional 127,205 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Clearwater Analytics were worth $46,803,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in shares of Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after acquiring an additional 559,564 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Clearwater Analytics by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock worth $171,156,000 after acquiring an additional 107,210 shares in the last quarter. State Street Corp boosted its stake in shares of Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after acquiring an additional 1,009,548 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Clearwater Analytics by 5.7% during the 3rd 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 in the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock worth $83,186,000 after acquiring an additional 327,880 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $30.00 to $34.00 in a research note on Friday, January 17th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Oppenheimer upped their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group upped their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Clearwater Analytics has an average rating of “Moderate Buy” and an average price target of $31.33.

Insider Transactions at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total transaction of $113,082.30. Following the sale, the executive now directly owns 6,373 shares in the company, valued at $185,263.11. This represents a 37.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total value of $1,294,500.00. Following the sale, the chief executive officer now owns 615,855 shares in the company, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 299,162 shares of company stock valued at $8,386,024. Corporate insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Up 2.8 %

Shares of CWAN opened at $27.66 on Wednesday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $28.08 and a 200-day simple moving average of $27.01. The stock has a market cap of $6.83 billion, a PE ratio of 2,768.27, a PEG ratio of 7.82 and a beta of 0.72.

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.