Ovata Capital Management Ltd acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 282,380 shares of the company’s stock, valued at approximately $6,811,000. Clearwater Analytics comprises approximately 0.8% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 27th largest holding.
Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 720 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Clearwater Analytics in the fourth quarter worth $26,000. SBI Securities Co. Ltd. boosted its stake in Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after buying an additional 1,186 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Clearwater Analytics during the fourth quarter worth about $33,000. Finally, Private Trust Co. NA grew its position in Clearwater Analytics by 643.3% during the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock worth $37,000 after buying an additional 1,338 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.
Clearwater Analytics Stock Down 0.0%
Shares of Clearwater Analytics stock opened at $24.28 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $24.43. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of -134.89, a P/E/G ratio of 3.34 and a beta of 0.60. The company’s 50 day moving average price is $24.26 and its 200-day moving average price is $23.70.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on CWAN. Royal Bank Of Canada restated a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics has a consensus rating of “Hold” and a consensus target price of $25.19.
Insider Transactions at Clearwater Analytics
In related news, Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Subi Sethi sold 19,858 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $472,620.40. Following the completion of the transaction, the insider owned 388,256 shares in the company, valued at approximately $9,240,492.80. The trade was a 4.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 809,511 shares of company stock worth $19,601,350. 3.31% of the stock is owned by insiders.
Clearwater Analytics 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.
Recommended Stories
- Five stocks we like better than Clearwater Analytics
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Want to see what other hedge funds are holding CWAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report).
Receive News & Ratings for Clearwater Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Analytics and related companies with MarketBeat.com's FREE daily email newsletter.
