Clearwater Analytics Holdings, Inc. $CWAN Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. raised its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 8.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,581,022 shares of the company’s stock after buying an additional 190,982 shares during the period. Brown Advisory Inc.’s holdings in Clearwater Analytics were worth $62,254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bullseye Asset Management LLC boosted its holdings in shares of Clearwater Analytics by 10.1% in the fourth quarter. Bullseye Asset Management LLC now owns 218,699 shares of the company’s stock valued at $5,275,000 after acquiring an additional 20,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Clearwater Analytics by 3.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 144,445 shares of the company’s stock worth $3,484,000 after buying an additional 4,338 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Clearwater Analytics by 1.5% in the fourth quarter. Johnson Investment Counsel Inc. now owns 73,073 shares of the company’s stock valued at $1,763,000 after purchasing an additional 1,046 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $47,999,000. Finally, Soros Fund Management LLC purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $69,444,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CWAN. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Three 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. According to MarketBeat, Clearwater Analytics has a consensus rating of “Hold” and a consensus target price of $25.19.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 21,631 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $514,817.80. Following the transaction, the chief financial officer directly owned 485,419 shares in the company, valued at $11,552,972.20. This represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Subi Sethi sold 19,858 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $472,620.40. Following the transaction, the insider owned 388,256 shares in the company, valued at $9,240,492.80. This trade represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 175,632 shares of company stock valued at $4,198,091. Corporate insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

CWAN opened at $24.33 on Monday. 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 $24.43. The company has a 50 day moving average of $24.23 and a two-hundred day moving average of $23.63. The company has a market cap of $7.26 billion, a P/E ratio of -135.13, a P/E/G ratio of 3.34 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $214.09 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Clearwater Analytics’s revenue for the quarter was up 74.4% on a year-over-year basis. On average, analysts expect 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.