Alberta Investment Management Corp Buys New Position in Clearwater Analytics Holdings, Inc. $CWAN

Alberta Investment Management Corp purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 574,200 shares of the company’s stock, valued at approximately $13,850,000.

A number of other hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in shares of Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 720 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Clearwater Analytics during the fourth quarter valued at $26,000. SBI Securities Co. Ltd. lifted its position in Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after purchasing an additional 1,186 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Clearwater Analytics during the fourth quarter valued at about $33,000. Finally, Danske Bank A S purchased a new stake in Clearwater Analytics in the third quarter worth about $36,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $24.28 on Friday. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of -134.89, a PEG ratio of 3.33 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. The business has a 50 day simple moving average of $24.26 and a 200-day simple moving average of $23.69. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $24.43.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $221.23 million for 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%.The company’s revenue for the quarter was up 74.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. Equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.19.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 19,858 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $472,620.40. Following the sale, the insider owned 388,256 shares in the company, valued at approximately $9,240,492.80. The trade was a 4.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 809,511 shares of company stock valued at $19,601,350 over the last three months. Company insiders own 3.31% of the company’s stock.

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.