Carmignac Gestion trimmed its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) by 68.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,586 shares of the company’s stock after selling 197,540 shares during the period. Carmignac Gestion’s holdings in Clearwater Analytics were worth $2,142,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC bought a new position in Clearwater Analytics in the fourth quarter worth $7,916,000. Stephens Investment Management Group LLC boosted its stake in Clearwater Analytics by 18.6% during the fourth 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 in the last quarter. Ovata Capital Management Ltd acquired a new stake in Clearwater Analytics during the fourth quarter worth $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 increased its holdings in Clearwater Analytics by 1.8% in the 4th quarter. Bamco Inc. NY now owns 7,816,447 shares of the company’s stock valued at $188,533,000 after buying an additional 141,409 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on CWAN shares. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a report on Wednesday, May 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.98.
Insider Transactions at Clearwater Analytics
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 document filed with the SEC, which can be accessed through the SEC website. Also, CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.35, for a total transaction of $243,500.00. Following the sale, the chief technology officer directly owned 180,109 shares in the company, valued at $4,385,654.15. This represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 653,879 shares of company stock valued at $15,890,160 in the last quarter. 3.31% of the stock is currently owned by corporate insiders.
Clearwater Analytics Stock Performance
Shares of NYSE:CWAN opened at $24.56 on Monday. The business’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 fifty-two week low of $15.73 and a fifty-two week high of $24.56. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26.
Clearwater Analytics (NYSE:CWAN – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $214.09 million. During the same period in the prior year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 74.4% compared to the same quarter last year. As a group, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.
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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