Wolverine Asset Management LLC Invests $907,000 in Clearwater Analytics Holdings, Inc. $CWAN

Wolverine Asset Management LLC acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 37,600 shares of the company’s stock, valued at approximately $907,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA lifted its stake in shares of Clearwater Analytics by 643.3% in the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock worth $37,000 after buying an additional 1,338 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after buying an additional 1,024 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Clearwater Analytics by 241.6% in the fourth quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock worth $38,000 after buying an additional 1,116 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in Clearwater Analytics by 54.9% during the 3rd 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 last quarter. Finally, Danske Bank A S acquired a new position in Clearwater Analytics during the 3rd quarter valued at $36,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Subi Sethi sold 76,689 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $1,797,590.16. Following the completion of the transaction, the insider owned 365,490 shares in the company, valued at approximately $8,567,085.60. This represents a 17.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sandeep Sahai sold 233,813 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $5,480,576.72. Following the completion of the transaction, the chief executive officer owned 1,357,138 shares of the company’s stock, valued at approximately $31,811,314.72. This represents a 14.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 780,842 shares of company stock worth $18,358,880. Insiders own 3.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company cut shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $27.00 to $24.55 in a research note on Thursday, January 8th. UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $24.55 in a research note on Monday, January 26th. DA Davidson reiterated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Thursday, February 19th. Jefferies Financial Group cut shares of Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Finally, Weiss Ratings cut shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.17.

Clearwater Analytics Trading Up 0.4%

Shares of CWAN stock opened at $24.28 on Thursday. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $25.07. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of -173.38, a P/E/G ratio of 3.39 and a beta of 0.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a fifty day moving average of $23.72 and a 200-day moving average of $22.59.

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.