Quantbot Technologies LP Grows Stake in Clearwater Analytics Holdings, Inc. $CWAN

Quantbot Technologies LP lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 20.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,449 shares of the company’s stock after purchasing an additional 37,588 shares during the quarter. Quantbot Technologies LP’s holdings in Clearwater Analytics were worth $4,813,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Clearwater Analytics by 11.3% during the first quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company’s stock worth $623,001,000 after buying an additional 2,366,715 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Clearwater Analytics by 7.7% during the 1st quarter. Wellington Management Group LLP now owns 6,412,929 shares of the company’s stock valued at $171,866,000 after acquiring an additional 458,444 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Clearwater Analytics by 6.7% during the second quarter. JPMorgan Chase & Co. now owns 5,774,285 shares of the company’s stock worth $126,630,000 after purchasing an additional 363,720 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Clearwater Analytics by 22.7% in the second quarter. Geode Capital Management LLC now owns 5,737,241 shares of the company’s stock worth $125,833,000 after purchasing an additional 1,060,435 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Clearwater Analytics by 34.1% in the first quarter. Invesco Ltd. now owns 5,706,337 shares of the company’s stock worth $152,930,000 after purchasing an additional 1,452,474 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Insiders Place Their Bets

In related news, CFO James S. Cox sold 29,700 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $22.00, for a total transaction of $653,400.00. Following the transaction, the chief financial officer owned 333,983 shares in the company, valued at $7,347,626. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 16,592 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $293,346.56. Following the completion of the transaction, the chief executive officer directly owned 913,600 shares of the company’s stock, valued at approximately $16,152,448. The trade was a 1.78% 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 sold 113,302 shares of company stock worth $2,207,626. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Trading Up 1.1%

NYSE CWAN opened at $21.28 on Thursday. The stock has a market cap of $6.23 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 5.54 and a beta of 0.67. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $32.00. The stock has a 50 day simple moving average of $18.95 and a two-hundred day simple moving average of $20.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. During the same period last year, the firm posted $0.14 earnings per share. Clearwater Analytics’s quarterly revenue was up 77.1% on a year-over-year basis. On average, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Clearwater Analytics announced that its board has authorized a stock buyback plan on Wednesday, September 3rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CWAN shares. Wells Fargo & Company cut their target price on shares of Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. DA Davidson reiterated a “buy” rating and issued a $30.00 price objective on shares of Clearwater Analytics in a report on Tuesday, November 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Clearwater Analytics in a research report on Wednesday, September 17th. The Goldman Sachs Group raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Monday, August 11th. Finally, Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.56.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.