Forge First Asset Management Inc. Acquires New Shares in Clearwater Analytics Holdings, Inc. $CWAN

Forge First Asset Management Inc. acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 215,400 shares of the company’s stock, valued at approximately $3,882,000. Clearwater Analytics makes up approximately 1.8% of Forge First Asset Management Inc.’s investment portfolio, making the stock its 22nd largest position. Forge First Asset Management Inc. owned approximately 0.07% of Clearwater Analytics at the end of the most recent reporting period.

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

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $23.50 on Friday. The firm has a market capitalization of $6.88 billion, a PE ratio of -167.85, a PEG ratio of 3.26 and a beta of 0.66. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $31.49. The business’s 50 day moving average is $23.84 and its 200-day moving average is $21.02.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CWAN. Morgan Stanley reissued an “equal weight” rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Jefferies Financial Group lowered Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Loop Capital downgraded Clearwater Analytics from a “buy” rating to a “hold” rating and decreased their target price for the company from $25.00 to $24.55 in a research note on Monday, December 22nd. Warburg Research set a $24.55 price target on Clearwater Analytics in a research report on Monday, December 22nd. Finally, Weiss Ratings cut Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday. Three 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 MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.17.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 74,530 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $1,746,983.20. Following the sale, the executive owned 138,630 shares of the company’s stock, valued at $3,249,487.20. The trade was a 34.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Subi Sethi sold 76,689 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $1,797,590.16. Following the sale, the insider owned 365,490 shares in the company, valued at approximately $8,567,085.60. This trade represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,002,699 shares of company stock valued at $23,692,518. 3.31% of the stock is owned by insiders.

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.