Irenic Capital Management LP Buys Shares of 250,000 Clearwater Analytics Holdings, Inc. $CWAN

Irenic Capital Management LP bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 250,000 shares of the company’s stock, valued at approximately $6,030,000. Clearwater Analytics makes up 0.4% of Irenic Capital Management LP’s portfolio, making the stock its 21st largest position.

Several other hedge funds have also recently added to or reduced their stakes in CWAN. Wellington Management Group LLP raised its stake in Clearwater Analytics by 108.7% during the 3rd 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 in the last quarter. Norges Bank bought a new stake in Clearwater Analytics during the 4th quarter valued at $184,271,000. Vanguard Group Inc. raised its stake in Clearwater Analytics by 21.9% during the 3rd 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 in the last quarter. Balyasny Asset Management L.P. raised its stake in Clearwater Analytics by 1,757.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,487,790 shares of the company’s stock valued at $84,125,000 after acquiring an additional 3,300,037 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in Clearwater Analytics by 83.5% during the 3rd quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock valued at $128,566,000 after acquiring an additional 3,245,986 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CWAN shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. DA Davidson reaffirmed a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. Three equities 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.19.

Clearwater Analytics Stock Up 0.0%

CWAN opened at $24.26 on Thursday. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $24.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The stock’s fifty day moving average is $24.25 and its 200-day moving average is $23.68. The company has a market capitalization of $7.24 billion, a PE ratio of -134.74, a P/E/G ratio of 3.33 and a beta of 0.60.

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. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The company had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was up 74.4% compared to the same quarter last year. On average, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Subi Sethi sold 19,858 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $472,620.40. Following the sale, the insider owned 388,256 shares of the company’s stock, valued at approximately $9,240,492.80. The trade was a 4.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 51,967 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $1,236,814.60. Following the sale, the chief executive officer directly owned 1,415,619 shares in the company, valued at $33,691,732.20. This trade represents a 3.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 809,511 shares of company stock worth $19,601,350. 3.31% of the stock is owned by corporate insiders.

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.