Riverbridge Partners LLC Has $31.33 Million Stake in Clearwater Analytics Holdings, Inc. $CWAN

Riverbridge Partners LLC decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 11.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,298,714 shares of the company’s stock after selling 169,426 shares during the quarter. Riverbridge Partners LLC’s holdings in Clearwater Analytics were worth $31,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Clearwater Analytics by 189.3% during the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after acquiring an additional 1,024 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after acquiring an additional 640 shares in the last quarter. Danske Bank A S acquired a new position in shares of Clearwater Analytics during the 3rd quarter worth $36,000. GAMMA Investing LLC increased its stake in shares of Clearwater Analytics by 241.6% during the 4th quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock worth $38,000 after purchasing an additional 1,116 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in shares of Clearwater Analytics by 409.9% during the 3rd quarter. FNY Investment Advisers LLC now owns 3,411 shares of the company’s stock valued at $61,000 after purchasing an additional 2,742 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $23.49 on Friday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $27.62. The firm’s fifty day simple moving average is $23.59 and its 200 day simple moving average is $21.50. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6.94 billion, a PE ratio of -167.74, a PEG ratio of 3.25 and a beta of 0.67.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. William Blair reaffirmed a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Weiss Ratings lowered Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Finally, Loop Capital downgraded Clearwater Analytics from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $24.55 in a research note on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.17.

Insider Activity at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 74,530 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $1,746,983.20. Following the transaction, the executive directly owned 138,630 shares in the company, valued at approximately $3,249,487.20. The trade was a 34.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $23.37, for a total value of $233,700.00. Following the transaction, the chief technology officer directly owned 197,132 shares of the company’s stock, valued at $4,606,974.84. This represents a 4.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,002,699 shares of company stock valued at $23,741,841. 3.31% of the stock is owned by corporate insiders.

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.