Geode Capital Management LLC Has $158.98 Million Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

Geode Capital Management LLC raised its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,590,192 shares of the company’s stock after buying an additional 399,581 shares during the period. Geode Capital Management LLC’s holdings in Clearwater Analytics were worth $158,984,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after buying an additional 720 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after buying an additional 640 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after buying an additional 1,186 shares in the last quarter. Danske Bank A S acquired a new stake in Clearwater Analytics in the third quarter valued at approximately $36,000. Finally, Private Trust Co. NA boosted its position in Clearwater Analytics by 643.3% in the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after buying an additional 1,338 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Activity

In other news, CRO Scott Stanley Erickson sold 18,790 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $447,202.00. Following the completion of the transaction, the executive owned 155,119 shares of the company’s stock, valued at approximately $3,691,832.20. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Subi Sethi sold 19,858 shares of Clearwater Analytics stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $472,620.40. Following the transaction, the insider directly owned 388,256 shares of the company’s stock, valued at $9,240,492.80. This represents a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 194,332 shares of company stock valued at $4,624,562. 3.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Clearwater Analytics Price Performance

CWAN stock opened at $24.39 on Thursday. The company has a fifty day moving average price of $24.11 and a 200-day moving average price of $23.45. The company has a market capitalization of $7.28 billion, a P/E ratio of -135.49, a PEG ratio of 3.35 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $25.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26.

Clearwater Analytics (NYSE:CWAN) last released 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. The firm had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company’s revenue for the quarter was up 74.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

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.