Groupe la Francaise purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 421,568 shares of the company’s stock, valued at approximately $9,970,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Amundi lifted its holdings in shares of Clearwater Analytics by 80.0% in the first quarter. Amundi now owns 28,177 shares of the company’s stock valued at $666,000 after buying an additional 12,527 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Clearwater Analytics by 123.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,367 shares of the company’s stock worth $56,000 after acquiring an additional 1,306 shares during the period. California State Teachers Retirement System grew its holdings in Clearwater Analytics by 23.3% during the first quarter. California State Teachers Retirement System now owns 334,997 shares of the company’s stock worth $7,923,000 after acquiring an additional 63,398 shares during the period. Quantinno Capital Management LP raised its position in Clearwater Analytics by 50.2% in the first quarter. Quantinno Capital Management LP now owns 92,587 shares of the company’s stock worth $2,190,000 after acquiring an additional 30,932 shares in the last quarter. Finally, Polar Asset Management Partners Inc. raised its position in Clearwater Analytics by 154.7% in the first quarter. Polar Asset Management Partners Inc. now owns 3,622,500 shares of the company’s stock worth $85,672,000 after acquiring an additional 2,200,000 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.
Insider Activity 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 shares were sold at an average price of $24.30, for a total value of $15,403,259.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $24.35, for a total transaction of $243,500.00. Following the transaction, the chief technology officer owned 180,109 shares in the company, valued at approximately $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 653,879 shares of company stock worth $15,890,160. 3.31% of the stock is currently owned by insiders.
Clearwater Analytics Stock Performance
Clearwater Analytics (NYSE:CWAN – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The company had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Clearwater Analytics’s revenue for the quarter was up 74.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CWAN. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. DA Davidson reiterated a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.98.
Check Out Our Latest Stock Analysis on CWAN
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.
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