TimesSquare Capital Management LLC Sells 84,397 Shares of Clearwater Analytics Holdings, Inc. $CWAN

TimesSquare Capital Management LLC decreased its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,293,807 shares of the company’s stock after selling 84,397 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Clearwater Analytics were worth $31,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after buying an additional 1,024 shares during the period. Essex Investment Management Co. LLC increased its position in Clearwater Analytics by 54.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after buying an additional 640 shares during the period. SBI Securities Co. Ltd. increased its position in Clearwater Analytics by 627.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after buying an additional 1,186 shares during the period. Danske Bank A S bought a new position in Clearwater Analytics during the 3rd quarter worth $36,000. Finally, Private Trust Co. NA increased its position in Clearwater Analytics by 643.3% during the 4th quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock worth $37,000 after buying an additional 1,338 shares during the period. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. DA Davidson reiterated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research report on Thursday, February 19th. UBS Group lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Morgan Stanley restated an “equal weight” rating and issued a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Finally, Weiss Ratings downgraded Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.17.

Clearwater Analytics Stock Up 0.2%

CWAN stock opened at $24.40 on Tuesday. The company has a market cap of $7.28 billion, a PE ratio of -135.52, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61. The business has a 50-day simple moving average of $23.86 and a 200 day simple moving average of $22.89. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $25.07. 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 (NYSE:CWAN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business 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%.Clearwater Analytics’s revenue for the quarter was up 74.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Scott Stanley Erickson sold 74,530 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $1,746,983.20. Following the sale, the executive directly owned 138,630 shares of the company’s stock, valued at $3,249,487.20. This trade represents a 34.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Souvik Das sold 88,848 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $2,082,597.12. Following the completion of the sale, the chief technology officer directly owned 207,132 shares in the company, valued at $4,855,174.08. This trade represents a 30.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 762,142 shares of company stock valued at $17,934,028 over the last 90 days. 3.31% of the stock is owned by company insiders.

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.