Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Jain Global LLC

Jain Global LLC reduced its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 67.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,612 shares of the company’s stock after selling 700,412 shares during the quarter. Jain Global LLC owned about 0.12% of Clearwater Analytics worth $6,102,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Intech Investment Management LLC increased its stake in shares of Clearwater Analytics by 46.4% during the second 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 during the period. Hillsdale Investment Management Inc. lifted its position in 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 purchasing an additional 41,800 shares during the period. Segall Bryant & Hamill LLC lifted its position in Clearwater Analytics by 20.4% in the second quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock worth $8,435,000 after purchasing an additional 65,141 shares during the period. Swiss National Bank boosted its stake in Clearwater Analytics by 8.2% during the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock valued at $9,825,000 after purchasing an additional 33,896 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Clearwater Analytics by 20.0% during the 2nd quarter. New York State Common Retirement Fund now owns 1,639,265 shares of the company’s stock valued at $35,949,000 after purchasing an additional 273,614 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, CEO Sandeep Sahai sold 233,813 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $5,480,576.72. Following the transaction, the chief executive officer directly owned 1,357,138 shares of the company’s stock, valued at approximately $31,811,314.72. The trade was a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 93,930 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $2,201,719.20. Following the completion of the sale, the chief financial officer directly owned 474,114 shares of the company’s stock, valued at approximately $11,113,232.16. This represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 991,424 shares of company stock valued at $23,468,920 in the last ninety days. Company insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on CWAN shares. Wall Street Zen downgraded Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Finally, Loop Capital cut shares of Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their target price for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.17.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $23.44 on Tuesday. The company’s fifty day moving average is $23.71 and its two-hundred day moving average is $21.35. The company has a market cap of $6.92 billion, a P/E ratio of -167.38, a price-to-earnings-growth ratio of 3.22 and a beta of 0.67. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $27.76. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.40.

Clearwater Analytics 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.