Clearwater Analytics Holdings, Inc. $CWAN is GABELLI & Co INVESTMENT ADVISERS INC.’s 7th Largest Position

GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 192.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 782,340 shares of the company’s stock after buying an additional 514,540 shares during the quarter. Clearwater Analytics accounts for approximately 2.7% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 7th largest position. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.26% of Clearwater Analytics worth $18,502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in Clearwater Analytics by 108.7% during the third 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 during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Clearwater Analytics by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock worth $330,827,000 after purchasing an additional 1,459,150 shares during the last quarter. Starboard Value LP bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at about $240,212,000. Wasatch Advisors LP grew its stake in shares of Clearwater Analytics by 3.0% during the 2nd quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after purchasing an additional 274,664 shares during the period. Finally, Morgan Stanley increased its position in shares of Clearwater Analytics by 15.8% during the 4th quarter. Morgan Stanley now owns 7,855,686 shares of the company’s stock valued at $189,479,000 after purchasing an additional 1,074,771 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction 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 sale, the chief technology officer directly owned 180,109 shares in the company, valued at approximately $4,385,654.15. The trade was a 5.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director D Scott Mackesy sold 633,879 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 653,879 shares of company stock worth $15,890,160. 3.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CWAN has been the topic of a number of research reports. Weiss Ratings reissued 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 report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.98.

Clearwater Analytics Stock Performance

CWAN stock opened at $24.56 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $24.56. The business has a 50 day simple moving average of $24.45 and a two-hundred day simple moving average of $24.04. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of -136.44, a PEG ratio of 3.37 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (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 firm had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 74.4% compared to the same quarter last year. Research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

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.