Stephens Investment Management Group LLC Has $53.67 Million Stake in Clearwater Analytics Holdings, Inc. $CWAN

Stephens Investment Management Group LLC lifted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 30.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,978,574 shares of the company’s stock after buying an additional 692,067 shares during the period. Stephens Investment Management Group LLC’s holdings in Clearwater Analytics were worth $53,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP boosted its position in Clearwater Analytics by 3.0% during the 2nd quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after acquiring an additional 274,664 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in Clearwater Analytics by 0.3% during the third quarter. Conestoga Capital Advisors LLC now owns 6,710,904 shares of the company’s stock worth $120,930,000 after purchasing an additional 20,257 shares during the last quarter. Bamco Inc. NY boosted its holdings in Clearwater Analytics by 12.3% during the second quarter. Bamco Inc. NY now owns 6,094,715 shares of the company’s stock worth $133,657,000 after purchasing an additional 665,823 shares during the last quarter. JPMorgan Chase & Co. grew its position in Clearwater Analytics by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 5,774,285 shares of the company’s stock valued at $126,630,000 after purchasing an additional 363,720 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Clearwater Analytics by 22.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,737,241 shares of the company’s stock valued at $125,833,000 after buying an additional 1,060,435 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CWAN. Royal Bank Of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Clearwater Analytics in a research note on Monday, December 22nd. Loop Capital cut Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their price target for the company from $25.00 to $24.55 in a research report on Monday, December 22nd. Warburg Research set a $24.55 price target on Clearwater Analytics in a research report on Monday, December 22nd. Wells Fargo & Company downgraded Clearwater Analytics from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $27.00 to $24.55 in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a research note on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Hold” and an average price target of $27.93.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 134,130 shares of the stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $3,231,191.70. Following the transaction, the chief executive officer directly owned 1,092,923 shares of the company’s stock, valued at $26,328,515.07. This represents a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 44,386 shares of the business’s stock in a transaction that occurred on 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. This represents a 37.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 428,464 shares of company stock valued at $10,139,350. 3.31% of the stock is currently owned by insiders.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $24.27 on Friday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.00. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 3.50 and a beta of 0.66. The stock’s 50 day moving average price is $22.26 and its two-hundred day moving average price is $20.55. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The business had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was up 77.1% compared to the same quarter last year. On average, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.