Capital International Investors Invests $53.38 Million in Clearwater Analytics Holdings, Inc. $CWAN

Capital International Investors bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,213,179 shares of the company’s stock, valued at approximately $53,382,000.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Clearwater Analytics by 21.9% in the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after acquiring an additional 5,967,798 shares during the period. Wellington Management Group LLP increased its position in shares of Clearwater Analytics by 108.7% in the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after acquiring an additional 9,268,950 shares during the period. Wasatch Advisors LP increased its position in shares of Clearwater Analytics by 3.0% in the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after acquiring an additional 274,664 shares during the period. Bamco Inc. NY increased its position in shares of Clearwater Analytics by 25.9% in the third quarter. Bamco Inc. NY now owns 7,675,038 shares of the company’s stock valued at $138,304,000 after acquiring an additional 1,580,323 shares during the period. Finally, Norges Bank purchased a new position in shares of Clearwater Analytics in the fourth quarter valued at about $184,271,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CWAN shares. DA Davidson restated a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Clearwater Analytics has a consensus rating of “Hold” and a consensus target price of $26.17.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $24.36 on Tuesday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $25.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. The company’s 50-day moving average is $24.17 and its 200 day moving average is $23.54. The stock has a market capitalization of $7.27 billion, a P/E ratio of -135.30, a P/E/G ratio of 3.35 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. Clearwater Analytics’s quarterly revenue was up 74.4% on a year-over-year basis. On average, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $24.07, for a total value of $450,109.00. Following the sale, the chief financial officer owned 480,419 shares in the company, valued at approximately $11,563,685.33. This represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Scott Stanley Erickson sold 18,790 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $447,202.00. Following the completion of the sale, the executive owned 155,119 shares in the company, valued at approximately $3,691,832.20. This trade represents a 10.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 184,332 shares of company stock valued at $4,390,862. 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.