R Squared Ltd Makes New $80,000 Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

R Squared Ltd purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,901 shares of the company’s stock, valued at approximately $80,000.

A number of other large investors have also made changes to their positions in CWAN. GAMMA Investing LLC raised its stake in shares of Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Clearwater Analytics during the third quarter worth about $45,000. Financial Management Professionals Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter valued at about $58,000. Nisa Investment Advisors LLC grew its position in shares of 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 during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $28.18 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. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 2,820.82, a price-to-earnings-growth ratio of 7.71 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a 50 day moving average price of $28.66 and a 200 day moving average price of $26.32.

Insider Transactions at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 139,172 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the completion of the sale, the chief executive officer now owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the transaction, the chief financial officer now directly owns 279,857 shares in the company, valued at approximately $7,539,347.58. This trade represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 253,052 shares of company stock worth $7,182,724 in the last ninety days. Insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CWAN. 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 report on Thursday, November 7th. Piper Sandler increased their price objective on Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley raised shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $30.00 to $34.00 in a research note on Friday, January 17th. Royal Bank of Canada decreased their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.33.

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.