Sterling Capital Management LLC Decreases Position in Clearwater Analytics Holdings, Inc. $CWAN

Sterling Capital Management LLC lowered its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 97.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,809 shares of the company’s stock after selling 73,026 shares during the quarter. Sterling Capital Management LLC’s holdings in Clearwater Analytics were worth $43,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Gabelli Funds LLC purchased a new position in Clearwater Analytics in the fourth quarter valued at about $7,916,000. Stephens Investment Management Group LLC increased its holdings in Clearwater Analytics by 18.6% during the 4th quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock worth $85,187,000 after purchasing an additional 553,218 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Clearwater Analytics during the 4th quarter worth approximately $6,459,000. Peregrine Capital Management LLC raised its position in shares of Clearwater Analytics by 7.4% in the 4th quarter. Peregrine Capital Management LLC now owns 607,253 shares of the company’s stock valued at $14,647,000 after purchasing an additional 41,975 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $14,472,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWAN has been the subject of a number of recent analyst reports. DA Davidson reissued a “neutral” rating and set a $24.55 price target 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 equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.98.

Insiders Place Their Bets

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the completion of the transaction, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $24.07, for a total transaction of $450,109.00. Following the sale, the chief financial officer owned 480,419 shares of the company’s stock, valued at approximately $11,563,685.33. The trade was a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 672,579 shares of company stock valued at $16,340,269 over the last 90 days. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $24.56 on Friday. The company has a market cap of $7.33 billion, a PE ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60. The business’s 50 day moving average is $24.40 and its two-hundred day moving average is $24.01. 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.

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, meeting analysts’ consensus estimates of $0.16. The business 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%.The business’s quarterly revenue was up 74.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

About Clearwater Analytics

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.