Polar Asset Management Partners Inc. Raises Stake in Clearwater Analytics Holdings, Inc. $CWAN

Polar Asset Management Partners Inc. lifted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 154.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,622,500 shares of the company’s stock after buying an additional 2,200,000 shares during the quarter. Clearwater Analytics comprises about 1.7% of Polar Asset Management Partners Inc.’s investment portfolio, making the stock its 6th biggest position. Polar Asset Management Partners Inc.’s holdings in Clearwater Analytics were worth $85,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CWAN. Starboard Value LP acquired a new position in Clearwater Analytics in the 4th quarter valued at about $240,212,000. Wellington Management Group LLP lifted its position in Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after acquiring an additional 9,268,950 shares during the last quarter. Norges Bank bought a new stake in shares of Clearwater Analytics during the fourth quarter worth approximately $184,271,000. Kryger Capital LLC acquired a new position in shares of Clearwater Analytics in the first quarter valued at approximately $90,276,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Clearwater Analytics by 1,757.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,487,790 shares of the company’s stock worth $84,125,000 after purchasing an additional 3,300,037 shares during the period. Institutional investors own 50.10% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $24.35, for a total value of $243,500.00. Following the transaction, the chief technology officer owned 180,109 shares in the company, valued at approximately $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. The SEC filing for this sale provides additional information. Insiders sold 653,879 shares of company stock worth $15,890,160 in the last 90 days. 3.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CWAN. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reiterated a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.98.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $24.56 on Monday. 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 cap of $7.33 billion, a P/E ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. The stock has a 50 day simple moving average of $24.45 and a 200 day simple moving average of $24.04. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $24.56.

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

Clearwater Analytics 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.