Clearbridge Investments LLC Purchases 350,111 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Clearbridge Investments LLC increased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 50.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,039,953 shares of the company’s stock after buying an additional 350,111 shares during the quarter. Clearbridge Investments LLC’s holdings in Clearwater Analytics were worth $25,084,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after purchasing an additional 720 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Clearwater Analytics in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. raised its holdings in shares of Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after purchasing an additional 1,186 shares during the period. Private Trust Co. NA raised its holdings in shares of Clearwater Analytics by 643.3% in the 4th quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after purchasing an additional 1,338 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Clearwater Analytics by 241.6% in the 4th quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock valued at $38,000 after purchasing an additional 1,116 shares during the period. 50.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Clearwater Analytics

In related news, insider Subi Sethi sold 19,858 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $472,620.40. Following the sale, the insider owned 388,256 shares in the company, valued at approximately $9,240,492.80. This trade represents a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total transaction of $450,109.00. Following the sale, the chief financial officer owned 480,419 shares in the company, valued at $11,563,685.33. This represents a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 194,332 shares of company stock worth $4,634,362 in the last three months. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Stock Down 0.2%

Shares of CWAN opened at $24.35 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $7.27 billion, a PE ratio of -135.24, a P/E/G ratio of 3.35 and a beta of 0.60. The firm’s 50 day moving average is $24.19 and its 200-day moving average is $23.56. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $25.07.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm’s revenue for the quarter was up 74.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CWAN shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. DA Davidson reissued a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a report on Wednesday, May 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and a consensus price target of $26.17.

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.