Renaissance Group LLC cut its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 417,761 shares of the company’s stock after selling 28,528 shares during the period. Renaissance Group LLC owned 0.14% of Clearwater Analytics worth $10,076,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Clearwater Analytics by 21.9% during the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after buying an additional 5,967,798 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of Clearwater Analytics in the 4th quarter valued at about $7,916,000. Johnson Investment Counsel Inc. purchased a new position in shares of Clearwater Analytics in the 3rd quarter worth approximately $1,298,000. Stephens Investment Management Group LLC grew its position in shares of Clearwater Analytics by 18.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock worth $85,187,000 after buying an additional 553,218 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Clearwater Analytics by 379.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 113,058 shares of the company’s stock worth $2,037,000 after acquiring an additional 89,476 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on CWAN. Royal Bank Of Canada restated a “sector perform” rating and issued a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.19.
Clearwater Analytics Stock Down 0.1%
Shares of CWAN stock opened at $24.33 on Thursday. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $24.42. The firm has a market capitalization of $7.26 billion, a PE ratio of -135.16, a P/E/G ratio of 3.34 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The stock’s 50-day simple moving average is $24.20 and its 200-day simple moving average is $23.59.
Clearwater Analytics (NYSE:CWAN – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting 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 firm had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Clearwater Analytics’s revenue for the quarter was up 74.4% on a year-over-year basis. Equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.
Insider Buying and Selling at Clearwater Analytics
In related news, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $24.07, for a total transaction of $450,109.00. Following the transaction, the chief financial officer owned 480,419 shares of the company’s stock, valued at $11,563,685.33. This represents a 3.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 194,332 shares of company stock worth $4,634,362. Corporate insiders own 3.31% of the company’s stock.
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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