Summit Creek Advisors LLC Buys 48,523 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Summit Creek Advisors LLC lifted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 14.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 379,156 shares of the company’s stock after acquiring an additional 48,523 shares during the quarter. Summit Creek Advisors LLC owned approximately 0.13% of Clearwater Analytics worth $6,832,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in shares of Clearwater Analytics by 68.7% in the third quarter. Nisa Investment Advisors LLC now owns 7,232 shares of the company’s stock worth $130,000 after purchasing an additional 2,944 shares during the period. Peregrine Capital Management LLC lifted its stake in shares of Clearwater Analytics by 54.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 565,278 shares of the company’s stock valued at $10,186,000 after buying an additional 199,288 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Clearwater Analytics by 397.8% in the 3rd quarter. SG Americas Securities LLC now owns 101,773 shares of the company’s stock worth $1,834,000 after buying an additional 81,330 shares during the period. KLP Kapitalforvaltning AS increased its stake in Clearwater Analytics by 10.0% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 53,676 shares of the company’s stock worth $967,000 after buying an additional 4,900 shares in the last quarter. Finally, Yarbrough Capital LLC purchased a new stake in Clearwater Analytics in the 3rd quarter worth $317,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wall Street Zen downgraded Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Warburg Research set a $24.55 price target on Clearwater Analytics in a report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and issued a $27.00 price target on shares of Clearwater Analytics in a research note on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Finally, Loop Capital downgraded shares of Clearwater Analytics from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.42.

Insider Activity

In related news, CTO Souvik Das sold 41,594 shares of the stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $1,001,999.46. Following the completion of the transaction, the chief technology officer owned 148,224 shares of the company’s stock, valued at approximately $3,570,716.16. This trade represents a 21.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 44,386 shares of Clearwater Analytics stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $1,069,258.74. Following the completion of the transaction, the executive owned 72,917 shares of the company’s stock, valued at approximately $1,756,570.53. This represents a 37.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 429,739 shares of company stock worth $10,101,275. 3.31% of the stock is owned by insiders.

Clearwater Analytics Stock Up 0.1%

NYSE CWAN opened at $24.13 on Monday. The stock has a 50 day moving average price of $21.54 and a 200-day moving average price of $20.46. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year 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. The company has a market capitalization of $7.06 billion, a P/E ratio of 15.77, a P/E/G ratio of 3.49 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. During the same period in the previous year, the company earned $0.14 EPS. Clearwater Analytics’s revenue for the quarter was up 77.1% compared to the same quarter last year. As a group, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

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.