Janus Henderson Group PLC lowered its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) by 62.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,318,897 shares of the company’s stock after selling 2,163,796 shares during the period. Janus Henderson Group PLC owned 0.44% of Clearwater Analytics worth $31,185,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC bought a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $7,916,000. Stephens Investment Management Group LLC increased 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 worth $85,187,000 after acquiring an additional 553,218 shares during the last quarter. Ovata Capital Management Ltd bought a new stake in Clearwater Analytics in the 4th quarter valued at $6,811,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Clearwater Analytics in the 4th quarter valued at $6,459,000. Finally, Bamco Inc. NY lifted its holdings in Clearwater Analytics by 1.8% during the 4th quarter. Bamco Inc. NY now owns 7,816,447 shares of the company’s stock valued at $188,533,000 after purchasing an additional 141,409 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.
Clearwater Analytics Stock Performance
Shares of NYSE CWAN opened at $24.56 on Monday. 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’s fifty day moving average price is $24.47 and its two-hundred day moving average price is $24.05. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $24.56. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60.
Wall Street Analyst Weigh In
A number of research firms have commented on CWAN. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research report 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.98.
Get Our Latest Report on Clearwater Analytics
Insider Activity
In other Clearwater Analytics news, Director D Scott Mackesy sold 633,879 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Souvik Das sold 10,000 shares of the 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 653,879 shares of company stock worth $15,890,160 over the last 90 days. 3.31% of the stock is currently owned by corporate insiders.
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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