Jackson Square Capital LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Jackson Square Capital LLC bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,293 shares of the company’s stock, valued at approximately $558,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CWAN. Victory Capital Management Inc. grew its position in Clearwater Analytics by 21.5% in the second quarter. Victory Capital Management Inc. now owns 15,459 shares of the company’s stock valued at $286,000 after acquiring an additional 2,734 shares during the period. Envestnet Asset Management Inc. lifted its stake in Clearwater Analytics by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 282,880 shares of the company’s stock valued at $5,239,000 after buying an additional 4,879 shares during the period. Amalgamated Bank acquired a new stake in shares of Clearwater Analytics during the second quarter worth about $90,000. Blair William & Co. IL raised its position in shares of Clearwater Analytics by 1.6% during the second quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock worth $786,000 after purchasing an additional 680 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after acquiring an additional 2,425 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

NYSE CWAN opened at $28.01 on Friday. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The firm’s 50 day moving average price is $29.12 and its 200-day moving average price is $25.69. 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 company has a market cap of $6.92 billion, a PE ratio of 2,803.40, a P/E/G ratio of 7.27 and a beta of 0.72.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CWAN shares. Oppenheimer upped their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company raised their target price on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. The Goldman Sachs Group raised their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Finally, Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $30.00 to $34.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.33.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 615,855 shares of the company’s stock, valued at $15,944,485.95. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $31.34, for a total transaction of $121,912.60. Following the transaction, the executive now owns 6,373 shares in the company, valued at approximately $199,729.82. The trade was a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,052 shares of company stock worth $7,182,724. 4.60% of the stock is owned by company insiders.

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.