Brown Capital Management LLC Lowers Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Brown Capital Management LLC lowered its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,510,792 shares of the company’s stock after selling 688,904 shares during the quarter. Clearwater Analytics makes up about 1.9% of Brown Capital Management LLC’s portfolio, making the stock its 24th biggest position. Brown Capital Management LLC’s holdings in Clearwater Analytics were worth $45,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CWAN. First Horizon Advisors Inc. increased its stake in shares of Clearwater Analytics by 278.9% during the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after buying an additional 1,121 shares during the period. Bessemer Group Inc. grew its holdings in Clearwater Analytics by 84.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after acquiring an additional 708 shares in the last quarter. Versant Capital Management Inc increased its position in Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Clearwater Analytics by 36.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock valued at $94,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in shares of Clearwater Analytics in the 2nd quarter worth approximately $108,000. 50.10% of the stock is owned by institutional investors.

Insider Transactions at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 44,386 shares of the company’s stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $1,069,258.74. Following the sale, the executive directly owned 72,917 shares of the company’s stock, valued at $1,756,570.53. This represents a 37.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sandeep Sahai sold 134,130 shares of the business’s stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the transaction, the chief executive officer owned 1,092,923 shares of the company’s stock, valued at $26,328,515.07. This represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 447,164 shares of company stock valued at $10,590,768 over the last quarter. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Trading Up 0.0%

NYSE CWAN opened at $24.10 on Tuesday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.00. The company has a fifty day simple moving average of $23.20 and a two-hundred day simple moving average of $20.68. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. The stock has a market cap of $7.05 billion, a P/E ratio of 15.75, a P/E/G ratio of 3.48 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The business’s revenue was up 77.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. On average, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CWAN. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 29th. JPMorgan Chase & Co. cut their price target on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective (down previously from $30.00) on shares of Clearwater Analytics in a research report on Friday, January 16th. Finally, UBS Group downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and a consensus target price of $27.21.

Clearwater Analytics Company Profile

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.