The Manufacturers Life Insurance Company Buys 4,821 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

The Manufacturers Life Insurance Company grew its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,809 shares of the company’s stock after acquiring an additional 4,821 shares during the period. The Manufacturers Life Insurance Company’s holdings in Clearwater Analytics were worth $2,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Associated Banc Corp bought a new stake in shares of Clearwater Analytics during the third quarter worth $283,000. Loomis Sayles & Co. L P raised its stake in 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 buying an additional 327,880 shares during the period. Penserra Capital Management LLC bought a new position in Clearwater Analytics during the third quarter worth about $901,000. Champlain Investment Partners LLC acquired a new position in Clearwater Analytics in the third quarter valued at about $53,559,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Clearwater Analytics by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,295,413 shares of the company’s stock valued at $32,709,000 after purchasing an additional 60,948 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Morgan Stanley boosted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price target on Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group raised their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Clearwater Analytics has an average rating of “Hold” and an average price target of $31.89.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $24.44, for a total value of $457,028.00. Following the completion of the sale, the chief financial officer now directly owns 227,503 shares of the company’s stock, valued at $5,560,173.32. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the sale, the executive now directly owns 6,373 shares of the company’s stock, valued at approximately $199,729.82. This trade represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,880 shares of company stock valued at $1,734,219. 4.60% of the stock is owned by insiders.

Clearwater Analytics Trading Down 3.1 %

NYSE:CWAN opened at $28.83 on Tuesday. The company has a market cap of $7.12 billion, a PE ratio of 2,885.89, a PEG ratio of 10.62 and a beta of 0.68. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The firm has a 50-day moving average of $28.33 and a 200-day moving average of $23.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

About Clearwater Analytics

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.