Manning & Napier Advisors LLC Has $369,000 Position in Clearwater Analytics Holdings, Inc. $CWAN

Manning & Napier Advisors LLC trimmed its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 99.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 15,622 shares of the company’s stock after selling 2,799,528 shares during the period. Manning & Napier Advisors LLC’s holdings in Clearwater Analytics were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC lifted its holdings in shares of Clearwater Analytics by 27.2% during the fourth quarter. Essex Investment Management Co. LLC now owns 2,298 shares of the company’s stock worth $55,000 after buying an additional 492 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Clearwater Analytics by 3.7% in the fourth quarter. Mackenzie Financial Corp now owns 15,466 shares of the company’s stock valued at $372,000 after acquiring an additional 545 shares in the last quarter. Cim LLC grew its stake in shares of Clearwater Analytics by 0.8% in the third quarter. Cim LLC now owns 66,184 shares of the company’s stock valued at $1,193,000 after acquiring an additional 557 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Clearwater Analytics by 211.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 720 shares during the period. Finally, Aaron Wealth Advisors LLC increased its position in Clearwater Analytics by 1.5% during the first quarter. Aaron Wealth Advisors LLC now owns 52,902 shares of the company’s stock worth $1,251,000 after acquiring an additional 772 shares during the period. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

CWAN opened at $24.56 on Monday. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of -136.44, a P/E/G 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 Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $24.56. The company has a 50-day simple moving average of $24.40 and a 200 day simple moving average of $24.01.

Clearwater Analytics (NYSE:CWAN) last issued its 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 period in the previous year, the company earned $0.13 EPS. The business’s revenue for the quarter was up 74.4% compared to the same quarter last year. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CWAN shares. 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 issued a $24.55 price target on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Two investment 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 data from MarketBeat.com, Clearwater Analytics currently has an average rating of “Hold” and an average price target of $24.98.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the transaction, the chief technology officer directly owned 180,109 shares in the company, valued at $4,385,654.15. The trade was 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 available at this link. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $24.07, for a total transaction of $450,109.00. Following the transaction, the chief financial officer owned 480,419 shares of the company’s stock, valued at approximately $11,563,685.33. This represents a 3.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 672,579 shares of company stock valued at $16,340,269 over the last three months. 3.31% of the stock is owned by insiders.

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.