Aigen Investment Management LP Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Aigen Investment Management LP bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,701 shares of the company’s stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC lifted its position in Clearwater Analytics by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after buying an additional 395 shares in the last quarter. Blair William & Co. IL boosted its position in Clearwater Analytics by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock worth $786,000 after purchasing an additional 680 shares during the period. Arizona State Retirement System boosted its position in Clearwater Analytics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock worth $757,000 after purchasing an additional 828 shares during the period. Advisors Asset Management Inc. raised its position in Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after purchasing an additional 1,234 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Clearwater Analytics during the third quarter worth about $45,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $30.45 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm’s 50-day simple moving average is $26.28 and its 200-day simple moving average is $22.35. The firm has a market cap of $7.50 billion, a PE ratio of 3,048.05, a price-to-earnings-growth ratio of 10.79 and a beta of 0.61.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 21,497 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total transaction of $522,377.10. Following the completion of the sale, the insider now owns 81,812 shares in the company, valued at $1,988,031.60. The trade was a 20.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the transaction, the executive now owns 4,844 shares in the company, valued at approximately $115,045. The trade was a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,854,883 shares of company stock worth $44,926,386 over the last quarter. 3.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of recent research reports. Oppenheimer increased their target price on Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. DA Davidson lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $31.00 to $35.00 in a research note on Friday, November 8th. Morgan Stanley boosted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Piper Sandler raised their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One research 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 MarketBeat, Clearwater Analytics currently has an average rating of “Hold” and an average price target 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.