Clearwater Analytics Holdings, Inc. $CWAN Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 120.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,700 shares of the company’s stock after buying an additional 68,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Clearwater Analytics were worth $2,247,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Clearwater Analytics by 21.9% during the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after purchasing an additional 5,967,798 shares in the last quarter. Wasatch Advisors LP increased its position in Clearwater Analytics by 3.0% during the 2nd 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. JPMorgan Chase & Co. raised its stake in shares of Clearwater Analytics by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,853,859 shares of the company’s stock worth $123,507,000 after buying an additional 1,079,574 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Clearwater Analytics by 0.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,710,904 shares of the company’s stock valued at $120,930,000 after buying an additional 20,257 shares during the period. Finally, Bamco Inc. NY boosted its stake in shares of Clearwater Analytics by 12.3% in the second quarter. Bamco Inc. NY now owns 6,094,715 shares of the company’s stock valued at $133,657,000 after buying an additional 665,823 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 93,930 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $2,201,719.20. Following the sale, the chief financial officer directly owned 474,114 shares of the company’s stock, valued at $11,113,232.16. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Subi Sethi sold 76,689 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $1,797,590.16. Following the completion of the transaction, the insider directly owned 365,490 shares of the company’s stock, valued at approximately $8,567,085.60. This represents a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,002,699 shares of company stock worth $23,692,518 in the last 90 days. 3.31% of the stock is currently owned by corporate insiders.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $23.55 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market cap of $6.96 billion, a PE ratio of -168.20, a price-to-earnings-growth ratio of 3.26 and a beta of 0.67. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $30.85. The business’s fifty day moving average price is $23.83 and its two-hundred day moving average price is $21.16.

Analysts Set New Price Targets

CWAN has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Wells Fargo & Company downgraded shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $27.00 to $24.55 in a report on Thursday, January 8th. Weiss Ratings cut shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Warburg Research set a $24.55 target price on shares of Clearwater Analytics in a research report on Monday, December 22nd. Finally, William Blair reaffirmed a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.17.

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.