Strs Ohio Sells 35,700 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Strs Ohio trimmed its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 53.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,100 shares of the company’s stock after selling 35,700 shares during the quarter. Strs Ohio’s holdings in Clearwater Analytics were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after acquiring an additional 1,024 shares during the period. First Horizon Advisors Inc. increased its holdings in Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after purchasing an additional 1,121 shares during the period. Bessemer Group Inc. raised its position in Clearwater Analytics by 84.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Clearwater Analytics by 36.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock worth $94,000 after buying an additional 1,151 shares during the period. Finally, Hilltop National Bank grew its position in shares of Clearwater Analytics by 12.6% in the 3rd quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after buying an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Activity

In other Clearwater Analytics news, CEO Sandeep Sahai sold 134,130 shares of the firm’s stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the completion of the sale, the chief executive officer directly owned 1,092,923 shares in the company, valued at approximately $26,328,515.07. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Subi Sethi sold 25,646 shares of Clearwater Analytics stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $617,812.14. Following the completion of the transaction, the insider directly owned 277,189 shares of the company’s stock, valued at $6,677,483.01. This trade represents a 8.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 447,164 shares of company stock valued at $10,590,768. 3.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CWAN has been the topic of several recent analyst reports. Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Warburg Research set a $24.55 target price on shares of Clearwater Analytics in a research note on Monday, December 22nd. DA Davidson restated a “neutral” rating and issued a $24.55 price objective (down from $30.00) on shares of Clearwater Analytics in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 29th. Finally, Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.21.

Clearwater Analytics Price Performance

CWAN stock opened at $24.09 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a 50 day moving average price of $23.15 and a 200-day moving average price of $20.69. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $32.00. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 3.48 and a beta of 0.66.

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

About Clearwater Analytics

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.