Truist Financial Corp Acquires 44,533 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Truist Financial Corp raised its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 247.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,551 shares of the company’s stock after acquiring an additional 44,533 shares during the quarter. Truist Financial Corp’s holdings in Clearwater Analytics were worth $1,127,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Clearwater Analytics by 189.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares during the last quarter. First Horizon Advisors Inc. increased its position in Clearwater Analytics by 278.9% during the second 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 last quarter. Bessemer Group Inc. raised its holdings in Clearwater Analytics by 84.6% during the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after buying an additional 708 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Clearwater Analytics by 36.7% during 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. Finally, Hilltop National Bank lifted its position 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 buying an additional 619 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Down 0.1%

CWAN opened at $23.82 on Tuesday. The business has a 50 day moving average of $23.39 and a 200-day moving average of $20.77. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 3.45 and a beta of 0.66. 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.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $24.14, for a total transaction of $451,418.00. Following the completion of the transaction, the chief financial officer owned 395,697 shares of the company’s stock, valued at approximately $9,552,125.58. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Subi Sethi sold 25,646 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 $617,812.14. Following the sale, the insider directly owned 277,189 shares in the company, valued at approximately $6,677,483.01. This trade represents a 8.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 457,164 shares of company stock worth $10,829,668. 3.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CWAN has been the topic of a number of analyst reports. Jefferies Financial Group lowered Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. DA Davidson reiterated a “neutral” rating and set a $24.55 price target (down previously from $30.00) on shares of Clearwater Analytics in a report on Friday, January 16th. Oppenheimer lowered shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Clearwater Analytics in a research note on Monday, December 22nd. Finally, Loop Capital lowered shares of Clearwater Analytics from a “buy” rating to a “hold” rating and lowered their target price for the company from $25.00 to $24.55 in a research note on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.21.

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.