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Clearwater Analytics Holdings, Inc. is purchased by Comerica Bank for 88,607 shares (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. is purchased by Comerica Bank for 88,607 shares (NYSE:CWAN)

Comerica Bank increased its holdings in the company by 76.2% during the third quarter, as indicated by the most recent 13F filing that Clearwater Analytics Holdings, Inc. submitted with the Securities and Exchange Commission. The NYSE represents the company by the ticker symbol “CWAN.” The corporation had a total holding of 204,883 shares of the company’s stock at the end of the month after purchasing an additional 88,607 shares of the company’s stock throughout the month. The most recent document that Comerica Bank submitted to the Securities and Exchange Commission revealed that the bank owned approximately 0.09% of Clearwater Analytics at the time of the filing. This disclosure also revealed that the share price was $3,151,000 when it was made.

In recent months, hedge funds and other institutional investors have seen several changes regarding how they hold their CWAN shares. During the first three months of 2018, Advisor Group Holdings Inc. grew its stake in Clearwater Analytics by 17.8%. During the most recent fiscal quarter, Advisor Group Holdings Inc. purchased 1,029 shares of the company’s stock. This brought the total number of shares that they own in the company to 6,823, with a value of $143,000. During the first quarter, the Bank of New York Mellon Corporation spent approximately $12,870,000 to acquire a new position at Clearwater Analytics. During the first three months of 2018, Citigroup Inc. increased its stake in Clearwater Analytics by purchasing additional shares for approximately 143,000 dollars. During the first three months of 2018, BlackRock Inc. increased the amount of Clearwater Analytics stock owned by 4.6%, bringing the total amount to 100%. The investing firm BlackRock Inc. currently has 470,328 shares of a company’s stock. The total value of these holdings is $9,874,000. This is a direct result of purchasing an additional 20,705 shares during the quarter immediately before the current one. During the first three months of 2018, Durable Capital Partners LP made an 11.3% increase in the number of shares of Clearwater Analytics that it owned, making that the final point of this article. The most recent quarter saw Durable Capital Partners LP acquire an additional 908,588 shares of the company’s stock. This brings the total number of shares that it owns in the company to 8,945,959, with a value of $187,865,000. 39.07% of the company’s stock is owned by institutional investors who have purchased large blocks of stock.

When trading started on Tuesday, the price of CWAN was $18.51 per share. Over the previous year, Clearwater Analytics Holdings, Inc. experienced a range of prices, with 11.23 dollars representing the company’s annual low and 22.70 dollars representing its annual high. This value is equivalent to a debt-to-equity ratio of 0.16, a quick ratio of 10.50, and a current ratio of 10.50. All three of these ratios have the same value. The company’s moving average over the previous 200 days is $16.13, and the moving average over the previous fifty days is $18.25. The company has a PE ratio of -925.50, a PEG ratio of 15.43, and a beta coefficient of 0.43, all of which contribute to its market value of $4.41 billion.

Here, several market analysts can provide the most recent commentary on the stock in question. In a research report published on Friday, September 30, Credit Suisse Group boosted their “outperform” rating on Clearwater Analytics shares and increased their price objective on the stock from $18.00 to $20.00. These changes were made in response to the company’s announcement that it would increase its dividend payout. DA Davidson revealed in a research report made public on Monday, October 3, that the price objective they have set for Clearwater Analytics has increased from $20.00 to $22.00. The previous price objective was set at $20.00. TheStreet raised its rating on shares of Clearwater Analytics from a “d” to a “c-” in a research note published on November 23, indicating a higher confidence level in the company. The rating had previously been a “d.” Wells Fargo & Company changed their rating for Clearwater Analytics from “overweight” to “neutral” in a public research note on January 6, 2019. In addition, they increased their price target for the stock to $20,000, up from $17.00.

Last but not least, in a research note published on Thursday, November 3, Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating. Additionally, Morgan Stanley raised their price objective on the stock from $14.00 to $15.00. The company has been advised to buy (from four separate financial experts), hold (from three separate financial analysts), or sell (from one separate financial expert). According to Bloomberg, the consensus recommendation of Clearwater Analytics is to “hold” the stock, and the firm has set an average price objective of $18.71.

Additionally, it is important to note that on Friday, December 9, business insider Scott Stanley Erickson sold 143,569 shares of the company’s stock. This event took place. The cost of each share was $18.10 on average when purchased during the sale, which resulted in the total value of the transaction being $2,598,598.90. The transaction resulted in the company insider directly owning 1,786 shares of the company’s stock, which have a value of $32,326.60. This gives the insider a direct ownership stake in the company. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. On December 14, it was reported that an insider working for Clearwater Analytics named Joseph Morris Kochansky had sold 1,900 of the company’s shares of stock. This is just one of the most recent events concerning Clearwater Analytics. In the market, a total of 3515 dollars’ worth of shares were traded at an average price of $18.50 per share, making the total value of these trades $35,150.00. Because of the transaction, the corporate insider now directly owns 82,271 shares. Based on the current stock price, these shares are worth $1,522,013.50. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available.

Additionally, on Friday, December 9, a business insider named Scott Stanley Erickson sold 143,569 shares of the company’s stock. A total of 2,598,598.90 dollars’ worth of the stock was traded at an average price per share of $18.10, resulting in revenue of $2,598,598.90 for the company. The cost of each share was $18.10 on average when purchased during the sale, which resulted in the total value of the transaction being $2,598,598.90. The transaction resulted in the company insider directly owning 1,786 shares of the company’s stock, which have a value of $32,326.60. This gives the insider a direct ownership stake in the company. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. On December 14, it was reported that an insider working for Clearwater Analytics named Joseph Morris Kochansky had sold 1,900 of the company’s shares of stock. This is just one of the most recent events concerning Clearwater Analytics. In the market, a total of 3515 dollars’ worth of shares were traded at an average price of $18.50 per share, making the total value of these trades $35,150.00. Because of the transaction, the corporate insider now directly owns 82,271 shares. Based on the current stock price, these shares are worth $1,522,013.50. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available.

Additionally, on Friday, December 9, a business insider named Scott Stanley Erickson sold 143,569 shares of the company’s stock. A total of 2,598,598.90 dollars’ worth of the stock was traded at an average price per share of $18.10, resulting in revenue of $2,598,598.90 for the company. Following the completion of the transaction, the company insider now possesses a total of 1,786 shares of the corporation, which have a value of $32,326.60. The disclosure about the purchase can be found in this particular location. Business insiders were responsible for selling a total of 500,304 shares of stock three months prior, which resulted in a profit of $8,941,244 for the company. A total of 0.29% of the company’s shares are owned by employees working within the company.

Clearwater Analytics Holdings, Inc. is developing and providing Software-as-a-Service solutions to insurance companies, investment managers, businesses, institutional investors, and governmental agencies to automate the gathering of automated investment data as well as reconciliation, accounting, and reporting. These solutions can be used to streamline these processes. Clearwater Analytics Holdings, Inc. offers answers to a wide range of corporate challenges, such as risk analytics, performance evaluation, compliance monitoring, investment accounting and reporting, and many more.

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