42,715 Shares in Clearwater Analytics Holdings, Inc. $CWAN Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the first quarter, HoldingsChannel reports. The institutional investor acquired 42,715 shares of the company’s stock, valued at approximately $1,010,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CWAN. Calamos Advisors LLC acquired a new stake in Clearwater Analytics during the 1st quarter valued at approximately $32,582,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Clearwater Analytics by 100.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 100,000 shares of the company’s stock valued at $2,365,000 after buying an additional 50,000 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Clearwater Analytics by 1,016.2% during the first quarter. Fifth Third Bancorp now owns 156,894 shares of the company’s stock worth $3,711,000 after buying an additional 142,838 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Clearwater Analytics in the first quarter worth $36,096,000. Finally, Resona Asset Management Co. Ltd. raised its holdings in Clearwater Analytics by 5.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 49,224 shares of the company’s stock valued at $1,164,000 after acquiring an additional 2,591 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $24.56 on Wednesday. The company has a market cap of $7.33 billion, a PE ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $24.56. The firm has a 50-day simple moving average of $24.42 and a 200 day simple moving average of $24.01. 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 data on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The business had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue was up 74.4% on a year-over-year basis. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CWAN shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research 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 note on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Clearwater Analytics currently has an average rating of “Hold” and a consensus price target of $24.98.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the transaction, the chief technology officer owned 180,109 shares in the company, valued at approximately $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 653,879 shares of company stock worth $15,890,160. 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.