William Blair Investment Management LLC Cuts Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

William Blair Investment Management LLC lessened its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 31.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,880,506 shares of the company’s stock after selling 2,695,866 shares during the quarter. William Blair Investment Management LLC’s holdings in Clearwater Analytics were worth $141,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cim LLC increased its holdings in Clearwater Analytics by 0.8% in the 3rd quarter. Cim LLC now owns 66,184 shares of the company’s stock worth $1,193,000 after acquiring an additional 557 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in Clearwater Analytics by 54.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after acquiring an additional 640 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 720 shares in the last quarter. GAMMA Investing LLC boosted its stake in Clearwater Analytics by 241.6% during the 4th quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock worth $38,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Clearwater Analytics by 109.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,269 shares of the company’s stock worth $55,000 after purchasing an additional 1,184 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Activity

In other news, insider Subi Sethi sold 19,858 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $472,620.40. Following the transaction, the insider owned 388,256 shares of the company’s stock, valued at approximately $9,240,492.80. The trade was a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James S. Cox sold 21,631 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $514,817.80. Following the transaction, the chief financial officer directly owned 485,419 shares in the company, valued at approximately $11,552,972.20. The trade was a 4.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 194,332 shares of company stock worth $4,624,562. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Trading Down 0.1%

Shares of CWAN stock opened at $24.33 on Friday. The company’s 50-day moving average price is $23.94 and its 200-day moving average price is $23.03. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of -135.13, a PEG ratio of 3.51 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $25.07.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company’s revenue was up 74.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CWAN. 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 research note on Tuesday, January 27th. UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $24.55 in a research note on Monday, January 26th. Royal Bank Of Canada reaffirmed 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. 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. Finally, DA Davidson reaffirmed a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday. 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 company. According to MarketBeat, Clearwater Analytics presently has an average rating of “Hold” and an average price target of $26.17.

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.