Gabelli Funds LLC Buys 612,150 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Gabelli Funds LLC increased its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 186.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 940,350 shares of the company’s stock after purchasing an additional 612,150 shares during the period. Gabelli Funds LLC owned 0.32% of Clearwater Analytics worth $22,239,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CWAN. EverSource Wealth Advisors LLC grew its holdings in Clearwater Analytics by 211.1% during the 4th 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 in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Clearwater Analytics in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. lifted its holdings in shares of Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after buying an additional 1,186 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Clearwater Analytics in the fourth quarter valued at approximately $33,000. Finally, Danske Bank A S bought a new position in shares of Clearwater Analytics in the third quarter valued at approximately $36,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock opened at $24.56 on Friday. 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 firm has a market capitalization 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 business’s 50-day moving average price is $24.45 and its 200-day moving average price is $24.04. 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 earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.Clearwater Analytics’s quarterly revenue was up 74.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, Director D Scott Mackesy sold 633,879 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction that occurred on 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 653,879 shares of company stock worth $15,890,160 over the last three months. Insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research note 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 analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.98.

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.