Swedbank AB Takes Position in Clearwater Analytics Holdings, Inc. $CWAN

Swedbank AB bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 600,000 shares of the company’s stock, valued at approximately $14,472,000.

Several other large investors have also recently modified their holdings of CWAN. Wellington Management Group LLP increased its position in shares of Clearwater Analytics by 108.7% during the 3rd 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. Vanguard Group Inc. increased its position in shares of Clearwater Analytics by 21.9% during the 3rd 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 increased its position in shares of Clearwater Analytics by 83.5% during the 3rd 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. UBS Group AG increased its position in shares of Clearwater Analytics by 249.3% during the 3rd quarter. UBS Group AG now owns 4,297,683 shares of the company’s stock valued at $77,444,000 after purchasing an additional 3,067,164 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Clearwater Analytics during the 3rd quarter valued at approximately $44,884,000. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 51,967 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $1,236,814.60. Following the transaction, the chief executive officer 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Souvik Das sold 14,686 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $349,526.80. Following the transaction, the chief technology officer directly owned 210,109 shares in the company, valued at $5,000,594.20. The trade was a 6.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 194,332 shares of company stock worth $4,624,562. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $24.33 on Tuesday. The stock’s fifty day moving average is $23.96 and its two-hundred day moving average is $23.11. The company has a market capitalization of $7.26 billion, a PE ratio of -135.13, a price-to-earnings-growth ratio of 3.51 and a beta of 0.61. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $25.07.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $221.23 million for 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%.Clearwater Analytics’s quarterly revenue was up 74.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. As a group, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CWAN. UBS Group downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th. 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 company. Based on data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Hold” and an average price target of $26.17.

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.