Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 97.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,809 shares of the company’s stock after selling 73,026 shares during the period. Sterling Capital Management LLC’s holdings in Clearwater Analytics were worth $43,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CWAN. EverSource Wealth Advisors LLC raised its position in shares of Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after buying an additional 720 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Clearwater Analytics during the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. boosted its position in Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after acquiring an additional 1,186 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Clearwater Analytics in the 4th quarter worth approximately $33,000. Finally, Danske Bank A S acquired a new position in Clearwater Analytics in the 3rd quarter valued at $36,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clearwater Analytics

In related news, Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total transaction of $243,500.00. Following the transaction, the chief technology officer directly owned 180,109 shares in the company, valued at approximately $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 672,579 shares of company stock worth $16,340,269. Company insiders own 3.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reiterated a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Clearwater Analytics currently has an average rating of “Hold” and a consensus target price of $24.98.

Clearwater Analytics Price Performance

CWAN stock opened at $24.56 on Friday. The company has a market cap of $7.33 billion, a PE ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $24.40 and a two-hundred day moving average price of $24.01. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $24.56.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The company had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. During the same period last year, the business posted $0.13 EPS. The company’s quarterly revenue was up 74.4% compared to the same quarter last year. As a group, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

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.