Clearwater Analytics Holdings, Inc. $CWAN Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp grew its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 1,016.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,894 shares of the company’s stock after acquiring an additional 142,838 shares during the quarter. Fifth Third Bancorp’s holdings in Clearwater Analytics were worth $3,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CWAN. Hsbc Holdings PLC bought a new position in Clearwater Analytics during the first quarter worth $36,096,000. Resona Asset Management Co. Ltd. increased its stake in Clearwater Analytics by 5.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 49,224 shares of the company’s stock valued at $1,164,000 after purchasing an additional 2,591 shares during the last quarter. R Squared Ltd bought a new stake in Clearwater Analytics during the first quarter valued at $228,000. Credit Industriel ET Commercial acquired a new stake in shares of Clearwater Analytics during the first quarter worth $7,365,000. Finally, Abel Hall LLC acquired a new stake in shares of Clearwater Analytics during the first quarter worth $400,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director D Scott Mackesy sold 633,879 shares of Clearwater Analytics stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the sale, the chief technology officer directly owned 180,109 shares of the company’s stock, valued at $4,385,654.15. The trade was a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 653,879 shares of company stock valued at $15,890,160 in the last quarter. 3.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CWAN shares. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 price target 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 research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.98.

Clearwater Analytics Stock Performance

CWAN opened at $24.56 on Monday. The business’s 50 day moving average is $24.43 and its 200-day moving average is $24.02. The stock 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. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $24.56.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (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 business had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. During the same period in the prior year, the company posted $0.13 EPS. The business’s revenue for the quarter was up 74.4% compared to the same quarter last year. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current 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.