Rice Hall James & Associates LLC Takes Position in Clearwater Analytics Holdings, Inc. $CWAN

Rice Hall James & Associates LLC bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 60,821 shares of the company’s stock, valued at approximately $1,467,000.

Several other hedge funds have also modified their holdings of CWAN. Wellington Management Group LLP lifted its holdings in shares of Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after purchasing an additional 9,268,950 shares during the last quarter. Norges Bank purchased a new stake in shares of Clearwater Analytics during the fourth quarter valued at $184,271,000. Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics by 21.9% during the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after purchasing an additional 5,967,798 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Clearwater Analytics by 83.5% during the third quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock valued at $128,566,000 after purchasing an additional 3,245,986 shares during the last quarter. Finally, Glazer Capital LLC purchased a new stake in shares of Clearwater Analytics during the fourth quarter valued at $75,846,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Down 0.1%

Shares of Clearwater Analytics stock opened at $24.25 on Wednesday. The stock has a 50-day moving average price of $24.25 and a 200 day moving average price of $23.66. The company has a market cap of $7.24 billion, a P/E ratio of -134.69, a P/E/G ratio of 3.33 and a beta of 0.60. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $24.43.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The business’s revenue for the quarter was up 74.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. As a group, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Transactions at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 18,790 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $447,202.00. Following the completion of the sale, the executive directly owned 155,119 shares of the company’s stock, valued at approximately $3,691,832.20. This represents a 10.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sandeep Sahai sold 51,967 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $1,236,814.60. Following the completion of the sale, the chief executive officer directly owned 1,415,619 shares of the company’s stock, valued at approximately $33,691,732.20. This represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 175,632 shares of company stock worth $4,198,091. 3.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CWAN. DA Davidson reaffirmed a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.19.

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.