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

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

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hilltop National Bank increased its holdings in shares of Clearwater Analytics by 12.6% in the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after acquiring an additional 619 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Clearwater Analytics by 84.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares during the period. Versant Capital Management Inc increased its stake in Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after purchasing an additional 1,024 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after buying an additional 1,121 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Clearwater Analytics by 36.7% in the second quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock valued at $94,000 after buying an additional 1,151 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CRO Scott Stanley Erickson sold 44,386 shares of Clearwater Analytics stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $1,069,258.74. Following the sale, the executive 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 63,709 shares of the company’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $1,534,749.81. Following the sale, the chief financial officer owned 400,691 shares in the company, valued at $9,652,646.19. The trade was a 13.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 457,164 shares of company stock worth $10,829,668 over the last three months. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Stock Down 1.4%

Shares of CWAN stock opened at $23.13 on Friday. The firm’s fifty day moving average price is $23.55 and its two-hundred day moving average price is $20.83. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $32.00. The firm has a market capitalization of $6.77 billion, a P/E ratio of 15.12, a PEG ratio of 3.39 and a beta of 0.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Oppenheimer downgraded shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Jefferies Financial Group lowered shares of Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Wall Street Zen cut Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $24.55 price target (down previously from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and an average price target of $27.21.

Clearwater Analytics Company Profile

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.