Calamos Advisors LLC Makes New Investment in Clearwater Analytics Holdings, Inc. $CWAN

Calamos Advisors LLC purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,377,682 shares of the company’s stock, valued at approximately $32,582,000. Calamos Advisors LLC owned 0.47% of Clearwater Analytics at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in Clearwater Analytics by 1,027.1% during the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after purchasing an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Clearwater Analytics in the first quarter worth $208,000. Woodline Partners LP grew its position in shares of Clearwater Analytics by 75.2% during the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after buying an additional 8,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Clearwater Analytics by 1.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock valued at $12,309,000 after purchasing an additional 6,826 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Clearwater Analytics by 51.8% during the 2nd quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock worth $289,000 after buying an additional 4,492 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.98.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total transaction of $450,109.00. Following the sale, the chief financial officer directly owned 480,419 shares of the company’s stock, valued at approximately $11,563,685.33. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 672,579 shares of company stock worth $16,340,269 over the last three months. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN opened at $24.56 on Tuesday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $24.56. The firm’s 50 day moving average price is $24.41 and its 200 day moving average price is $24.01. The firm has a market cap of $7.33 billion, a PE ratio of -136.44, a PEG ratio of 3.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26.

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