Norges Bank Purchases New Position in Clearwater Analytics Holdings, Inc. $CWAN

Norges Bank purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 7,639,740 shares of the company’s stock, valued at approximately $184,271,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after purchasing an additional 5,967,798 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Clearwater Analytics by 108.7% during the 3rd quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after purchasing an additional 9,268,950 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Clearwater Analytics by 3.0% during the 2nd quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after purchasing an additional 274,664 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Clearwater Analytics by 25.9% during the 3rd quarter. Bamco Inc. NY now owns 7,675,038 shares of the company’s stock valued at $138,304,000 after purchasing an additional 1,580,323 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Clearwater Analytics by 83.5% during the 3rd quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock valued at $128,566,000 after purchasing an additional 3,245,986 shares during the last quarter. 50.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CWAN shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a report 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.17.

Insider Buying and Selling at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 51,967 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $1,236,814.60. Following the sale, the chief executive officer directly owned 1,415,619 shares in the company, valued at $33,691,732.20. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total transaction of $450,109.00. Following the sale, the chief financial officer owned 480,419 shares in the company, valued at approximately $11,563,685.33. This represents a 3.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 194,332 shares of company stock worth $4,624,562 over the last quarter. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Stock Up 0.0%

NYSE:CWAN opened at $24.39 on Thursday. The firm’s 50 day simple moving average is $24.11 and its 200 day simple moving average is $23.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $25.07. The company has a market cap of $7.28 billion, a PE ratio of -135.49, a P/E/G ratio of 3.35 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 EPS 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 business 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 company earned $0.13 EPS. The firm’s revenue was up 74.4% compared to the same quarter last year. On average, research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current 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.