Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 44.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 47,372 shares of the company’s stock after selling 37,347 shares during the quarter. SG Americas Securities LLC’s holdings in Clearwater Analytics were worth $1,120,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its stake in Clearwater Analytics by 28.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 44,848 shares of the company’s stock worth $1,082,000 after acquiring an additional 9,890 shares during the last quarter. Larry Mathis Financial Planning LLC acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at $228,000. Ovata Capital Management Ltd purchased a new position in shares of Clearwater Analytics during the 4th quarter worth $6,811,000. Alberta Investment Management Corp purchased a new position in shares of Clearwater Analytics during the 4th quarter worth $13,850,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $400,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Price Performance

Shares of CWAN opened at $24.56 on Friday. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $24.56. The firm’s 50 day moving average price is $24.36 and its 200 day moving average price is $23.91. The company has a market cap of $7.33 billion, a P/E ratio of -136.44, a PEG ratio of 3.37 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 (NYSE:CWAN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company had revenue of $221.23 million during the quarter, compared to analysts’ expectations of $214.09 million. During the same quarter last year, the company posted $0.13 EPS. The firm’s revenue was up 74.4% compared to the same quarter last year. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 480,419 shares of the company’s stock, valued at $11,563,685.33. The trade was a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director D Scott Mackesy sold 633,879 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 682,579 shares of company stock valued at $16,580,369. 3.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CWAN has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. 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. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.98.

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.