Clearwater Analytics Holdings, Inc. $CWAN Shares Bought by State of Wyoming

State of Wyoming boosted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 216.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,591 shares of the company’s stock after buying an additional 37,998 shares during the quarter. State of Wyoming’s holdings in Clearwater Analytics were worth $1,341,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CWAN. EverSource Wealth Advisors LLC lifted its holdings in Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 720 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in Clearwater Analytics by 54.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after buying an additional 640 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after purchasing an additional 1,186 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Clearwater Analytics in the 3rd quarter valued at approximately $36,000. Finally, Private Trust Co. NA increased its position in shares of Clearwater Analytics by 643.3% in the 4th quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after purchasing an additional 1,338 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Trading Up 0.0%

NYSE CWAN opened at $24.39 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. The firm’s fifty day moving average price is $24.11 and its 200 day moving average price is $23.45. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of -135.49, a price-to-earnings-growth ratio of 3.35 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $25.07.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company’s revenue was up 74.4% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. On average, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CWAN. Royal Bank Of Canada reissued a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Three equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.17.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 21,631 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $514,817.80. Following the transaction, the chief financial officer directly owned 485,419 shares of the company’s stock, valued at $11,552,972.20. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 18,790 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $447,202.00. Following the completion of the transaction, the executive directly owned 155,119 shares in the company, valued at $3,691,832.20. This trade represents a 10.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 194,332 shares of company stock worth $4,624,562. Insiders own 3.31% of the company’s stock.

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.