Corient Private Wealth LLC Lowers Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Corient Private Wealth LLC lowered its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 43.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,540 shares of the company’s stock after selling 22,707 shares during the quarter. Corient Private Wealth LLC’s holdings in Clearwater Analytics were worth $648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its stake in shares of Clearwater Analytics by 46.4% in the 2nd quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock worth $3,449,000 after buying an additional 49,845 shares in the last quarter. Future Fund LLC bought a new position in shares of Clearwater Analytics in the 2nd quarter valued at about $732,000. Hillsdale Investment Management Inc. grew its position in Clearwater Analytics by 28.0% in the second quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock worth $4,188,000 after acquiring an additional 41,800 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Clearwater Analytics by 20.4% during the second quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock worth $8,435,000 after acquiring an additional 65,141 shares during the last quarter. Finally, Swiss National Bank increased its stake in Clearwater Analytics by 8.2% during the second quarter. Swiss National Bank now owns 447,996 shares of the company’s stock worth $9,825,000 after acquiring an additional 33,896 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. UBS Group reduced their price objective on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Warburg Research set a $24.55 target price on Clearwater Analytics in a research note on Monday, December 22nd. Wall Street Zen downgraded Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Loop Capital cut Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $24.55 in a report on Monday, December 22nd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.65.

Insider Buying and Selling at Clearwater Analytics

In related news, insider Subi Sethi sold 7,434 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $131,433.12. Following the completion of the transaction, the insider owned 226,980 shares of the company’s stock, valued at $4,013,006.40. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $21.59, for a total value of $215,900.00. Following the sale, the chief technology officer owned 96,186 shares of the company’s stock, valued at approximately $2,076,655.74. This represents a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 120,727 shares of company stock valued at $2,402,598. 3.31% of the stock is owned by corporate insiders.

Clearwater Analytics Stock Performance

CWAN stock opened at $24.14 on Friday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $32.00. The business has a 50-day moving average price of $20.48 and a 200 day moving average price of $20.33. The company has a market capitalization of $7.06 billion, a P/E ratio of 15.77, a PEG ratio of 6.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97.

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

Clearwater Analytics declared that its board has initiated a stock repurchase plan on Wednesday, September 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.