Emerald Advisers LLC Reduces Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

Emerald Advisers LLC lessened its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,025,414 shares of the company’s stock after selling 46,893 shares during the period. Emerald Advisers LLC’s holdings in Clearwater Analytics were worth $18,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Versant Capital Management Inc boosted its stake in shares of Clearwater Analytics by 189.3% during the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares during the period. First Horizon Advisors Inc. lifted its holdings in Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after buying an additional 1,121 shares in the last quarter. Bessemer Group Inc. boosted its position in Clearwater Analytics by 84.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after buying an additional 708 shares during the period. Nisa Investment Advisors LLC grew 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 acquiring an additional 1,151 shares in the last quarter. Finally, Hilltop National Bank increased its position in shares of Clearwater Analytics by 12.6% during the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after acquiring an additional 619 shares during the period. 50.10% of the stock is currently owned by institutional investors.

Insider Transactions at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 44,386 shares of the business’s stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,069,258.74. Following the completion of the transaction, the executive owned 72,917 shares in the company, valued at $1,756,570.53. The trade was a 37.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James S. Cox sold 63,709 shares of the stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,534,749.81. Following the sale, the chief financial officer directly owned 400,691 shares of the company’s stock, valued at $9,652,646.19. The trade was a 13.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 447,164 shares of company stock worth $10,590,768. 3.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CWAN shares. Oppenheimer lowered Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Finally, UBS Group lowered their price objective on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.93.

Clearwater Analytics Trading Down 0.1%

Shares of NYSE:CWAN opened at $24.32 on Thursday. The company has a market capitalization of $7.12 billion, a PE ratio of 15.89, a P/E/G ratio of 3.52 and a beta of 0.66. 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 12-month low of $15.73 and a 12-month high of $32.00. The business’s fifty day simple moving average is $22.61 and its 200-day simple moving average is $20.58.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data 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 company had revenue of $205.11 million for the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. Clearwater Analytics’s revenue for the quarter was up 77.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. As a group, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics 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.