Johnson Investment Counsel Inc. Purchases New Position in Clearwater Analytics Holdings, Inc. $CWAN

Johnson Investment Counsel Inc. purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 72,027 shares of the company’s stock, valued at approximately $1,298,000.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in shares of Clearwater Analytics by 379.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 113,058 shares of the company’s stock valued at $2,037,000 after acquiring an additional 89,476 shares during the last quarter. Renaissance Group LLC raised its stake in Clearwater Analytics by 54.5% during the third quarter. Renaissance Group LLC now owns 446,289 shares of the company’s stock valued at $8,042,000 after purchasing an additional 157,431 shares in the last quarter. Portside Wealth Group LLC raised its stake in Clearwater Analytics by 63.6% during the third quarter. Portside Wealth Group LLC now owns 15,887 shares of the company’s stock valued at $286,000 after purchasing an additional 6,177 shares in the last quarter. Bessemer Group Inc. lifted its position in Clearwater Analytics by 657.0% during the third quarter. Bessemer Group Inc. now owns 11,695 shares of the company’s stock valued at $211,000 after purchasing an additional 10,150 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new position in shares of Clearwater Analytics in the 3rd quarter worth $11,268,000. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.55 price target (down previously from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. JPMorgan Chase & Co. lowered their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. DA Davidson restated a “neutral” rating and set a $24.55 price target (down previously from $30.00) on shares of Clearwater Analytics in a report on Friday, January 16th. Finally, Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and a consensus target price of $27.21.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 44,386 shares of the business’s stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,069,258.74. Following the completion of the sale, the executive directly owned 72,917 shares of the company’s stock, valued at approximately $1,756,570.53. The trade was a 37.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Subi Sethi sold 25,646 shares of the company’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $617,812.14. Following the completion of the transaction, the insider owned 277,189 shares in the company, valued at approximately $6,677,483.01. The trade was a 8.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 457,164 shares of company stock valued at $10,829,668. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $23.68 on Thursday. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $32.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $6.93 billion, a P/E ratio of 15.47, a P/E/G ratio of 3.44 and a beta of 0.66. The stock has a 50 day moving average price of $23.49 and a 200 day moving average price of $20.80.

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.