Weiss Asset Management LP purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) in the 1st quarter, Holdings Channel reports. The firm purchased 843,439 shares of the company’s stock, valued at approximately $19,947,000.
Other large investors have also made changes to their positions in the company. Gabelli Funds LLC bought a new stake in shares of Clearwater Analytics in the fourth quarter worth about $7,916,000. Stephens Investment Management Group LLC lifted its holdings in shares of Clearwater Analytics by 18.6% during the 4th quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock valued at $85,187,000 after purchasing an additional 553,218 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $6,459,000. Ovata Capital Management Ltd bought a new stake in Clearwater Analytics during the 4th quarter worth approximately $6,811,000. Finally, Bamco Inc. NY increased its stake in Clearwater Analytics by 1.8% during the 4th quarter. Bamco Inc. NY now owns 7,816,447 shares of the company’s stock worth $188,533,000 after purchasing an additional 141,409 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.
Clearwater Analytics Price Performance
CWAN stock opened at $24.56 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a market capitalization of $7.33 billion, a P/E ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60. The business has a 50-day moving average of $24.45 and a 200-day moving average of $24.04. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $24.56.
Insider Buying and Selling
In other news, Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the sale, the chief technology officer owned 180,109 shares in the company, valued at $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 653,879 shares of company stock valued at $15,890,160. Insiders own 3.31% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on CWAN shares. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Clearwater Analytics presently has an average rating of “Hold” and a consensus price target of $24.98.
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.
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