California Public Employees Retirement System Trims Position in Clearwater Analytics Holdings, Inc. $CWAN

California Public Employees Retirement System trimmed its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.1% during the 1st quarter, Holdings Channel reports. The firm owned 341,333 shares of the company’s stock after selling 22,132 shares during the period. California Public Employees Retirement System’s holdings in Clearwater Analytics were worth $8,073,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Weiss Ratings reissued 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, the company currently has an average rating of “Hold” and a consensus target price of $24.98.

Insider Activity

In related news, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the transaction, the chief technology officer directly owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. The trade was a 5.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $15,403,259.70. The SEC filing for this sale provides additional information. Insiders sold a total of 653,879 shares of company stock valued at $15,890,160 in the last 90 days. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $24.56 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $24.56. The firm’s fifty day moving average is $24.45 and its 200 day moving average is $24.04. The company 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.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The firm’s revenue was up 74.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. Sell-side analysts forecast 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.