Alberta Investment Management Corp Acquires Shares of 574,200 Clearwater Analytics Holdings, Inc. $CWAN

Alberta Investment Management Corp acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, HoldingsChannel reports. The fund acquired 574,200 shares of the company’s stock, valued at approximately $13,850,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Essex Investment Management Co. LLC lifted its holdings in Clearwater Analytics by 27.2% during the fourth quarter. Essex Investment Management Co. LLC now owns 2,298 shares of the company’s stock valued at $55,000 after purchasing an additional 492 shares in the last quarter. Cim LLC lifted its stake in shares of Clearwater Analytics by 0.8% in the third quarter. Cim LLC now owns 66,184 shares of the company’s stock worth $1,193,000 after buying an additional 557 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 720 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of Clearwater Analytics by 1.5% in the fourth quarter. Johnson Investment Counsel Inc. now owns 73,073 shares of the company’s stock worth $1,763,000 after buying an additional 1,046 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Clearwater Analytics in the fourth quarter worth about $26,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $24.27 on Tuesday. The company’s 50-day moving average price is $24.24 and its 200-day moving average price is $23.64. 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 company has a market cap of $7.24 billion, a P/E ratio of -134.80, a P/E/G ratio of 3.34 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $24.43.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. During the same period last year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 74.4% on a year-over-year basis. On average, sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 18,790 shares of Clearwater Analytics stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $447,202.00. Following the transaction, the executive directly owned 155,119 shares of the company’s stock, valued at $3,691,832.20. The trade was a 10.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 21,631 shares of Clearwater Analytics stock in a transaction dated Tuesday, March 31st. The stock was 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 $11,552,972.20. This trade represents a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 175,632 shares of company stock valued at $4,198,091 over the last ninety days. Corporate insiders own 3.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.19.

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.