Cannon Global Investment Management LLC Invests $494,000 in Clearwater Analytics Holdings, Inc. $CWAN

Cannon Global Investment Management LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,900 shares of the company’s stock, valued at approximately $494,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aaron Wealth Advisors LLC lifted its holdings in Clearwater Analytics by 1.5% in the 1st quarter. Aaron Wealth Advisors LLC now owns 52,902 shares of the company’s stock valued at $1,251,000 after purchasing an additional 772 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Clearwater Analytics by 28.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,848 shares of the company’s stock valued at $1,082,000 after acquiring an additional 9,890 shares during the last quarter. Larry Mathis Financial Planning LLC acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at about $228,000. Ovata Capital Management Ltd purchased a new stake in Clearwater Analytics during the fourth quarter worth approximately $6,811,000. Finally, Alberta Investment Management Corp purchased a new stake in Clearwater Analytics during the 4th quarter worth $13,850,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $24.56 on Friday. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $24.56. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of -136.44, a PEG ratio of 3.37 and a beta of 0.60. The company’s 50-day moving average price is $24.32 and its two-hundred day moving average price is $23.81. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. Clearwater Analytics’s revenue was up 74.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CWAN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reissued a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Hold” and a consensus price target of $24.98.

Insider Activity

In other news, CRO Scott Stanley Erickson sold 18,790 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $447,202.00. Following the completion of the sale, the executive owned 155,119 shares in the company, valued at approximately $3,691,832.20. This represents a 10.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Subi Sethi sold 19,858 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $472,620.40. Following the completion of the sale, the insider directly owned 388,256 shares in the company, valued at approximately $9,240,492.80. This represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 809,511 shares of company stock valued at $19,601,350. Corporate insiders own 3.31% of the company’s stock.

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.