New York State Common Retirement Fund Has $7.19 Million Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

New York State Common Retirement Fund trimmed its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 75.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 398,795 shares of the company’s stock after selling 1,240,470 shares during the quarter. New York State Common Retirement Fund’s holdings in Clearwater Analytics were worth $7,186,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Wasatch Advisors LP boosted its holdings in shares of Clearwater Analytics by 3.0% in the 2nd quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after acquiring an additional 274,664 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in Clearwater Analytics by 0.3% in the third quarter. Conestoga Capital Advisors LLC now owns 6,710,904 shares of the company’s stock valued at $120,930,000 after acquiring an additional 20,257 shares during the last quarter. Bamco Inc. NY lifted its stake in 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 during the period. JPMorgan Chase & Co. increased its stake in Clearwater Analytics by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 5,774,285 shares of the company’s stock valued at $126,630,000 after purchasing an additional 363,720 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Clearwater Analytics by 22.7% during the second quarter. Geode Capital Management LLC now owns 5,737,241 shares of the company’s stock worth $125,833,000 after acquiring an additional 1,060,435 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Clearwater Analytics

In other news, insider Subi Sethi sold 25,646 shares of the firm’s stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $617,812.14. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 63,709 shares of Clearwater Analytics stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $1,534,749.81. Following the sale, the chief financial officer directly owned 400,691 shares of the company’s stock, valued at $9,652,646.19. This represents a 13.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 447,164 shares of company stock valued at $10,590,768. Corporate insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CWAN shares. Warburg Research set a $24.55 price objective on Clearwater Analytics in a report on Monday, December 22nd. Wells Fargo & Company downgraded 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. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Clearwater Analytics in a research note on Monday, December 29th. Finally, DA Davidson reissued a “neutral” rating and issued a $24.55 price objective (down from $30.00) on shares of Clearwater Analytics in a research note on Friday, January 16th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Clearwater Analytics currently has an average rating of “Hold” and an average price target of $27.21.

Clearwater Analytics Trading Down 1.1%

NYSE CWAN opened at $23.46 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $32.00. The business has a 50 day moving average price of $23.26 and a 200-day moving average price of $20.72. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 3.43 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $205.11 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $0.14 EPS. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics 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.