Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC lifted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 35.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,600 shares of the company’s stock after buying an additional 68,900 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in Clearwater Analytics were worth $7,282,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 468 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics in the 3rd quarter valued at $45,000. Financial Management Professionals Inc. acquired a new position in Clearwater Analytics in the 3rd quarter valued at $58,000. Nisa Investment Advisors LLC raised its position in Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after buying an additional 1,987 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after acquiring an additional 995 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CWAN shares. Oppenheimer increased 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. Piper Sandler raised their price target on Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, Morgan Stanley upgraded shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $30.00 to $34.00 in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Insider Buying and Selling

In other news, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total transaction of $503,778.00. Following the completion of the transaction, the chief financial officer now directly owns 279,857 shares in the company, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares in the company, valued at $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 have sold 253,052 shares of company stock valued at $7,182,724. Corporate insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Up 0.0 %

Shares of CWAN opened at $28.33 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The stock has a market cap of $7.00 billion, a PE ratio of 2,836.04, a P/E/G ratio of 7.66 and a beta of 0.72. The stock’s 50-day moving average is $29.01 and its two-hundred day moving average is $25.90.

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.