TimesSquare Capital Management LLC Sells 237,279 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

TimesSquare Capital Management LLC trimmed its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,500 shares of the company’s stock after selling 237,279 shares during the period. TimesSquare Capital Management LLC’s holdings in Clearwater Analytics were worth $39,731,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CWAN. Thornburg Investment Management Inc. increased its position in shares of Clearwater Analytics by 31.7% during the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock valued at $5,860,000 after purchasing an additional 79,707 shares during the last quarter. California State Teachers Retirement System raised its stake in Clearwater Analytics by 22.3% in the 1st quarter. California State Teachers Retirement System now owns 131,341 shares of the company’s stock worth $2,323,000 after acquiring an additional 23,971 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Clearwater Analytics during the 1st quarter worth approximately $825,000. Jane Street Group LLC lifted its holdings in shares of Clearwater Analytics by 234.2% in the 1st quarter. Jane Street Group LLC now owns 265,818 shares of the company’s stock valued at $4,702,000 after buying an additional 186,273 shares during the period. Finally, Seven Eight Capital LP purchased a new stake in Clearwater Analytics during the second quarter worth $1,797,000. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following the sale, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at $5,860,991.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the transaction, the chief financial officer now owns 224,044 shares of the company’s stock, valued at approximately $5,860,991.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $25.38, for a total transaction of $98,728.20. Following the sale, the executive now owns 6,373 shares in the company, valued at $161,746.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,864,693 shares of company stock valued at $45,128,342 over the last three months. Company insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CWAN shares. DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their price objective for the company from $31.00 to $35.00 in a report on Friday. Royal Bank of Canada boosted their price target on shares of Clearwater Analytics from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup assumed coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 price target on the stock. Oppenheimer lifted their target price on shares of Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday. Finally, The Goldman Sachs Group increased their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.67.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $31.90 on Friday. The firm’s 50 day moving average is $25.79 and its two-hundred day moving average is $22.00. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $7.86 billion, a P/E ratio of 3,193.19, a PEG ratio of 10.36 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Clearwater Analytics 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.