Absolute Gestao de Investimentos Ltda. Makes New Investment in Clearwater Analytics Holdings, Inc. $CWAN

Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 699,571 shares of the company’s stock, valued at approximately $16,545,000. Clearwater Analytics accounts for approximately 1.9% of Absolute Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 15th biggest holding.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew 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 purchasing an additional 720 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Clearwater Analytics in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. grew its holdings in Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after buying an additional 1,186 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Clearwater Analytics in the 4th quarter valued at about $33,000. Finally, Danske Bank A S acquired a new position in shares of Clearwater Analytics during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $24.56 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $24.56. The company has a market capitalization 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 business has a 50-day moving average of $24.45 and a 200-day moving average of $24.04.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate 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 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 revenue was up 74.4% on a year-over-year basis. On average, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Clearwater Analytics

In other news, CTO Souvik Das sold 10,000 shares of the firm’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 in the company, valued at $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director D Scott Mackesy sold 633,879 shares of Clearwater Analytics stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $24.30, for a total value of $15,403,259.70. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 653,879 shares of company stock worth $15,890,160 in the last ninety days. 3.31% of the stock is currently owned by insiders.

About Clearwater Analytics

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.