Voya Investment Management LLC Has $3.85 Million Stock Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Voya Investment Management LLC reduced its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 17.3% in the third quarter, Holdings Channel reports. The institutional investor owned 213,651 shares of the company’s stock after selling 44,703 shares during the period. Voya Investment Management LLC’s holdings in Clearwater Analytics were worth $3,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC lifted its holdings in shares of Clearwater Analytics by 46.4% in the second quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock valued at $3,449,000 after purchasing an additional 49,845 shares in the last quarter. Future Fund LLC bought a new position in Clearwater Analytics during the 2nd quarter valued at $732,000. Hillsdale Investment Management Inc. boosted its holdings in Clearwater Analytics by 28.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock worth $4,188,000 after acquiring an additional 41,800 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Clearwater Analytics by 20.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock worth $8,435,000 after acquiring an additional 65,141 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Clearwater Analytics by 8.2% in the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock worth $9,825,000 after acquiring an additional 33,896 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 7,425 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $22.00, for a total transaction of $163,350.00. Following the sale, the chief financial officer directly owned 328,983 shares in the company, valued at approximately $7,237,626. This represents a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 4,505 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total transaction of $79,648.40. Following the completion of the transaction, the executive owned 19,552 shares of the company’s stock, valued at $345,679.36. This represents a 18.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 120,727 shares of company stock valued at $2,402,598 in the last three months. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $24.14 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $20.48 and a two-hundred day simple moving average of $20.36. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $32.00. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 6.37 and a beta of 0.67.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business’s quarterly revenue was up 77.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Clearwater Analytics declared that its board has approved a share buyback program on Wednesday, September 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Oppenheimer cut shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday. Warburg Research set a $24.55 target price on shares of Clearwater Analytics in a research report on Monday. DA Davidson restated a “buy” rating and issued a $30.00 target price on shares of Clearwater Analytics in a research note on Wednesday, December 10th. Wells Fargo & Company decreased their price target on Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.65.

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.