Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 15.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,645,199 shares of the company’s stock after selling 484,964 shares during the period. Loomis Sayles & Co. L P owned 0.93% of Clearwater Analytics worth $58,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redwood Investments LLC boosted its holdings in Clearwater Analytics by 0.8% in the first quarter. Redwood Investments LLC now owns 74,651 shares of the company’s stock valued at $2,001,000 after purchasing an additional 608 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of 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 buying an additional 708 shares during the last quarter. Malaga Cove Capital LLC grew its position in shares of Clearwater Analytics by 3.8% in the 1st quarter. Malaga Cove Capital LLC now owns 24,643 shares of the company’s stock valued at $660,000 after buying an additional 900 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Clearwater Analytics by 36.7% in the second quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock valued at $94,000 after acquiring an additional 1,151 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CWAN shares. The Goldman Sachs Group raised Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Clearwater Analytics in a research note on Wednesday, September 17th. Wall Street Zen lowered shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Morgan Stanley reissued an “overweight” rating and set a $27.00 price target on shares of Clearwater Analytics in a report on Monday. Finally, UBS Group decreased their price objective on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Clearwater Analytics has a consensus rating of “Moderate Buy” and a consensus target price of $29.56.

Insiders Place Their Bets

In other Clearwater Analytics news, CTO Souvik Das sold 5,327 shares of Clearwater Analytics stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $94,181.36. Following the transaction, the chief technology officer owned 136,066 shares in the company, valued at $2,405,646.88. This trade represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 4,505 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total value of $79,648.40. Following the sale, the executive owned 19,552 shares of the company’s stock, valued at approximately $345,679.36. The trade was a 18.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 113,302 shares of company stock valued at $2,207,626. 3.31% of the stock is currently owned by corporate insiders.

Clearwater Analytics Trading Up 1.5%

Shares of CWAN stock opened at $22.06 on Friday. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 5.72 and a beta of 0.69. 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 firm has a 50-day moving average price of $18.77 and a 200 day moving average price of $20.48. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $32.00.

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 analysts’ expectations of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The business’s quarterly revenue was up 77.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics announced that its Board of Directors has initiated a share buyback program on Wednesday, September 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 1.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Clearwater Analytics Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.