Allspring Global Investments Holdings LLC Has $42.75 Million Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

Allspring Global Investments Holdings LLC increased its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,407,283 shares of the company’s stock after purchasing an additional 139,236 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Clearwater Analytics were worth $42,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its holdings in shares of Clearwater Analytics by 278.9% in the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after buying an additional 1,121 shares during the period. Bessemer Group Inc. raised its holdings in shares of Clearwater Analytics by 84.6% during the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after acquiring an additional 708 shares during the period. Quarry LP lifted its position in shares of Clearwater Analytics by 979.4% in the 1st quarter. Quarry LP now owns 2,094 shares of the company’s stock valued at $56,000 after acquiring an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Clearwater Analytics by 36.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock worth $94,000 after purchasing an additional 1,151 shares during the period. Finally, Hilltop National Bank grew its position in Clearwater Analytics by 12.6% during the 3rd quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after purchasing an additional 619 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $21.59, for a total value of $215,900.00. Following the completion of the sale, the chief technology officer directly owned 96,186 shares of the company’s stock, valued at $2,076,655.74. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James S. Cox sold 7,425 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $22.00, for a total transaction of $163,350.00. Following the transaction, the chief financial officer owned 328,983 shares in the company, valued at approximately $7,237,626. This trade represents a 2.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 80,950 shares of company stock valued at $1,699,341 over the last quarter. Corporate insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Oppenheimer lowered Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Loop Capital lowered Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their price target for the company from $25.00 to $24.55 in a research report on Monday, December 22nd. JPMorgan Chase & Co. decreased their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company 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. Finally, UBS Group reduced their price target on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.65.

Clearwater Analytics Price Performance

CWAN opened at $24.12 on Friday. The stock has a fifty day moving average price of $20.89 and a 200 day moving average price of $20.38. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $32.00. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 6.35 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm’s revenue for the quarter was up 77.1% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. Analysts forecast 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.