Healthcare of Ontario Pension Plan Trust Fund Invests $29.77 Million in Clearwater Analytics Holdings, Inc. $CWAN

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the first quarter, HoldingsChannel reports. The fund bought 1,258,900 shares of the company’s stock, valued at approximately $29,773,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CWAN. Gabelli Funds LLC purchased a new position in shares of Clearwater Analytics in the 4th quarter worth $7,916,000. Stephens Investment Management Group LLC raised its holdings in shares of Clearwater Analytics by 18.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock worth $85,187,000 after purchasing an additional 553,218 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Clearwater Analytics during the fourth quarter worth approximately $6,459,000. Ovata Capital Management Ltd purchased a new position in shares of Clearwater Analytics in the 4th quarter valued at $6,811,000. Finally, Bamco Inc. NY lifted its holdings in shares of Clearwater Analytics by 1.8% during the 4th quarter. Bamco Inc. NY now owns 7,816,447 shares of the company’s stock valued at $188,533,000 after acquiring an additional 141,409 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. DA Davidson restated a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.98.

Insider Buying and Selling

In other Clearwater Analytics news, Director D Scott Mackesy sold 633,879 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Souvik Das sold 10,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the transaction, the chief technology officer owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 653,879 shares of company stock valued at $15,890,160. 3.31% of the stock is owned by insiders.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $24.56 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. The company’s fifty day moving average price is $24.45 and its two-hundred day moving average price is $24.04. The firm has a market capitalization of $7.33 billion, a P/E ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $24.56.

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

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.