Vestcor Inc Buys New Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Vestcor Inc bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, Holdings Channel.com reports. The firm bought 205,000 shares of the company’s stock, valued at approximately $4,945,000.

Several other hedge funds have also bought and sold shares of CWAN. AQR Capital Management LLC lifted its stake in Clearwater Analytics by 1,027.1% in the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after purchasing an additional 121,043 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Clearwater Analytics in the 1st quarter valued at about $208,000. Woodline Partners LP lifted its stake in Clearwater Analytics by 75.2% in the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after purchasing an additional 8,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Clearwater Analytics by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock valued at $12,309,000 after purchasing an additional 6,826 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Clearwater Analytics by 51.8% in the 2nd quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock valued at $289,000 after purchasing an additional 4,492 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 51,967 shares of the firm’s 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 $1,236,814.60. Following the transaction, the chief executive officer directly owned 1,415,619 shares of the company’s stock, valued at approximately $33,691,732.20. This trade represents a 3.54% 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 hyperlink. Also, CTO Souvik Das sold 14,686 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $349,526.80. Following the transaction, the chief technology officer directly owned 210,109 shares in the company, valued at $5,000,594.20. This represents a 6.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 194,332 shares of company stock valued at $4,624,562. 3.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Clearwater Analytics Stock Down 0.0%

Clearwater Analytics stock opened at $24.38 on Friday. The stock has a market cap of $7.28 billion, a P/E ratio of -135.41, a P/E/G ratio of 3.35 and a beta of 0.60. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $25.07. The company’s 50-day moving average price is $24.15 and its two-hundred day moving average price is $23.49.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The business’s revenue was up 74.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. As a group, 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.