Clearwater Analytics Holdings, Inc. $CWAN Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 76.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,380,238 shares of the company’s stock after buying an additional 1,034,906 shares during the quarter. Principal Financial Group Inc. owned approximately 0.81% of Clearwater Analytics worth $42,892,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CWAN. Wasatch Advisors LP lifted its position in Clearwater Analytics by 3.0% during the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after buying an additional 274,664 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Clearwater Analytics by 0.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,710,904 shares of the company’s stock worth $120,930,000 after buying an additional 20,257 shares during the period. Bamco Inc. NY grew its position in Clearwater Analytics by 12.3% during the second quarter. Bamco Inc. NY now owns 6,094,715 shares of the company’s stock valued at $133,657,000 after acquiring an additional 665,823 shares during the period. JPMorgan Chase & Co. increased its stake in 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 acquiring an additional 363,720 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Clearwater Analytics by 22.7% during the second quarter. Geode Capital Management LLC now owns 5,737,241 shares of the company’s stock worth $125,833,000 after acquiring an additional 1,060,435 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

CWAN opened at $23.46 on Thursday. The business has a 50 day moving average price of $23.26 and a two-hundred day moving average price of $20.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 3.43 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $32.00.

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

Insiders Place Their Bets

In other news, insider Subi Sethi sold 25,646 shares of the company’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $617,812.14. Following the transaction, the insider owned 277,189 shares in the company, valued at $6,677,483.01. This represents a 8.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $24.08, for a total transaction of $240,800.00. Following the sale, the chief technology officer owned 138,230 shares of the company’s stock, valued at approximately $3,328,578.40. This represents a 6.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 447,164 shares of company stock worth $10,590,768 in the last quarter. Corporate insiders own 3.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CWAN. UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $24.55 in a research report on Monday, January 26th. JPMorgan Chase & Co. lowered their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Wells Fargo & Company lowered Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Finally, William Blair restated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Four equities 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 stock currently has a consensus rating of “Hold” and a consensus price target of $27.21.

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.