Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 99.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,203 shares of the company’s stock after selling 2,512,071 shares during the period. Principal Financial Group Inc.’s holdings in Clearwater Analytics were worth $478,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CWAN. Wellington Management Group LLP increased its holdings in shares of Clearwater Analytics by 108.7% in 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Clearwater Analytics by 11.9% during 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 position in Clearwater Analytics during the fourth quarter worth $240,212,000. Wasatch Advisors LP boosted its holdings in Clearwater Analytics by 3.0% in the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after purchasing an additional 274,664 shares during the period. Finally, Morgan Stanley boosted its holdings in Clearwater Analytics by 15.8% in the fourth quarter. Morgan Stanley now owns 7,855,686 shares of the company’s stock worth $189,479,000 after purchasing an additional 1,074,771 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $24.56 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $24.47 and a 200-day moving average of $24.05. The firm has a market capitalization of $7.33 billion, a PE ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $24.56.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $214.09 million. During the same quarter last year, the business posted $0.13 EPS. The business’s revenue was up 74.4% on a year-over-year basis. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on CWAN shares. DA Davidson reiterated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.98.

Insider Buying and Selling at Clearwater Analytics

In other news, CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction 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 owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. The disclosure for this sale is available in the SEC filing. Insiders sold 653,879 shares of company stock worth $15,890,160 over the last ninety days. 3.31% of the stock is owned by corporate 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.