Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 48.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,012 shares of the company’s stock after selling 25,000 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Clearwater Analytics were worth $487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC boosted its stake in shares of Clearwater Analytics by 46.4% in the 2nd quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock valued at $3,449,000 after buying an additional 49,845 shares during the period. Future Fund LLC acquired a new stake in Clearwater Analytics in the second quarter valued at approximately $732,000. Hillsdale Investment Management Inc. lifted its stake in Clearwater Analytics by 28.0% in the second quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock worth $4,188,000 after acquiring an additional 41,800 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in Clearwater Analytics by 20.4% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock worth $8,435,000 after acquiring an additional 65,141 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Clearwater Analytics by 8.2% during the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock worth $9,825,000 after acquiring an additional 33,896 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CWAN. Jefferies Financial Group cut shares of Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen cut Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. UBS Group downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $24.55 in a report on Monday, January 26th. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Hold” and an average target price of $27.21.

Clearwater Analytics Stock Performance

NYSE CWAN opened at $23.82 on Tuesday. The company has a fifty day moving average of $23.39 and a two-hundred day moving average of $20.77. The company has a market capitalization of $6.97 billion, a PE ratio of 15.57, a P/E/G ratio of 3.45 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $32.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $24.14, for a total transaction of $451,418.00. Following the transaction, the chief financial officer owned 395,697 shares in the company, valued at $9,552,125.58. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Subi Sethi sold 25,646 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $617,812.14. Following the transaction, the insider directly owned 277,189 shares in the company, valued at approximately $6,677,483.01. This trade represents a 8.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 457,164 shares of company stock worth $10,829,668. Insiders own 3.31% of the company’s stock.

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.