Oppenheimer & Co. Inc. Acquires 89,476 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Oppenheimer & Co. Inc. increased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 379.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,058 shares of the company’s stock after purchasing an additional 89,476 shares during the period. Oppenheimer & Co. Inc.’s holdings in Clearwater Analytics were worth $2,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Group LLC grew its position in Clearwater Analytics by 54.5% in the third quarter. Renaissance Group LLC now owns 446,289 shares of the company’s stock valued at $8,042,000 after acquiring an additional 157,431 shares during the period. Portside Wealth Group LLC boosted its stake in shares of Clearwater Analytics by 63.6% in the 3rd quarter. Portside Wealth Group LLC now owns 15,887 shares of the company’s stock valued at $286,000 after purchasing an additional 6,177 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Clearwater Analytics by 657.0% in the 3rd quarter. Bessemer Group Inc. now owns 11,695 shares of the company’s stock worth $211,000 after purchasing an additional 10,150 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth about $11,268,000. Finally, Principal Financial Group Inc. grew its stake in Clearwater Analytics by 76.9% during the third quarter. Principal Financial Group Inc. now owns 2,380,238 shares of the company’s stock worth $42,892,000 after buying an additional 1,034,906 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Insiders Place Their Bets

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 44,386 shares of the business’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $1,069,258.74. Following the completion of the sale, the executive directly owned 72,917 shares of the company’s stock, valued at approximately $1,756,570.53. The trade was a 37.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Subi Sethi sold 25,646 shares of the company’s stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $617,812.14. Following the transaction, the insider owned 277,189 shares in the company, valued at approximately $6,677,483.01. The trade was a 8.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 457,164 shares of company stock valued at $10,829,668 over the last 90 days. Corporate insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

CWAN has been the subject of a number of research analyst reports. Oppenheimer cut shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Wall Street Zen cut Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Wells Fargo & Company cut Clearwater Analytics from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $27.00 to $24.55 in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. lowered their target price on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.21.

Clearwater Analytics Stock Down 1.4%

Shares of CWAN opened at $23.13 on Friday. The business’s fifty day moving average price is $23.55 and its two-hundred day moving average price is $20.83. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 3.39 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $32.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97.

About Clearwater Analytics

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.