Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC cut its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 67.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 553,720 shares of the company’s stock after selling 1,162,163 shares during the quarter. Fred Alger Management LLC owned about 0.19% of Clearwater Analytics worth $9,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in shares of Clearwater Analytics by 189.3% during the 3rd 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 during the last quarter. Essex Investment Management Co. LLC grew its holdings 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 valued at $33,000 after purchasing an additional 640 shares during the period. Parallel Advisors LLC acquired a new position in Clearwater Analytics during the third quarter worth approximately $95,000. Hilltop National Bank raised its stake in Clearwater Analytics by 12.6% during the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after purchasing an additional 619 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Clearwater Analytics by 39.4% in the 3rd quarter. Covestor Ltd now owns 6,111 shares of the company’s stock valued at $110,000 after purchasing an additional 1,728 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. DA Davidson restated a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a report on Thursday, February 19th. Loop Capital lowered Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their price objective for the company from $25.00 to $24.55 in a research note on Monday, December 22nd. 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 shares of Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company cut shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.17.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $23.44 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $27.76. The firm’s 50-day simple moving average is $23.71 and its 200-day simple moving average is $21.35. The firm has a market cap of $6.92 billion, a PE ratio of -167.38, a price-to-earnings-growth ratio of 3.22 and a beta of 0.67.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 76,689 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was 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 $8,567,085.60. This represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 74,530 shares of the stock in a transaction that occurred on 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. This represents a 34.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 991,424 shares of company stock valued at $23,468,920 over the last 90 days. Corporate insiders own 3.31% of the company’s stock.

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.