Principal Financial Group Inc. Has $42.89 Million Stake in Clearwater Analytics Holdings, Inc. $CWAN

Principal Financial Group Inc. grew its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 76.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,380,238 shares of the company’s stock after buying an additional 1,034,906 shares during the quarter. Principal Financial Group Inc.’s holdings in Clearwater Analytics were worth $42,892,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CWAN. Versant Capital Management Inc grew its position in Clearwater Analytics by 189.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after purchasing an additional 1,024 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Clearwater Analytics by 278.9% during the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after buying an additional 1,121 shares during the last quarter. Bessemer Group Inc. increased its holdings in Clearwater Analytics by 84.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of 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 buying an additional 1,151 shares in the last quarter. Finally, Hilltop National Bank increased its position in Clearwater Analytics by 12.6% in the 3rd quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock valued at $100,000 after acquiring an additional 619 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 134,130 shares of the stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the completion of the transaction, the chief executive officer owned 1,092,923 shares in the company, valued at approximately $26,328,515.07. This represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $24.14, for a total value of $451,418.00. Following the completion of the sale, the chief financial officer owned 395,697 shares in the company, valued at $9,552,125.58. The trade was a 4.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 447,164 shares of company stock valued at $10,590,768. 3.31% of the stock is owned by company insiders.

Analyst Ratings Changes

CWAN has been the subject of several research reports. William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Oppenheimer lowered Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Warburg Research set a $24.55 price objective on Clearwater Analytics in a report on Monday, December 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Clearwater Analytics in a research note on Monday, December 22nd. Finally, Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.21.

Clearwater Analytics Trading Down 1.1%

CWAN opened at $23.46 on Thursday. The firm’s fifty day moving average is $23.26 and its two-hundred day moving average is $20.72. The firm has a market cap of $6.87 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 3.43 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $32.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. Clearwater Analytics’s quarterly revenue was up 77.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

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.