Cannon Global Investment Management LLC Makes New $494,000 Investment in Clearwater Analytics Holdings, Inc. $CWAN

Cannon Global Investment Management LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,900 shares of the company’s stock, valued at approximately $494,000.

Several other hedge funds also recently modified their holdings of CWAN. Starboard Value LP bought a new position in shares of Clearwater Analytics in the 4th quarter valued at about $240,212,000. Wellington Management Group LLP raised its stake in Clearwater Analytics by 108.7% in the 3rd quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after purchasing an additional 9,268,950 shares in the last quarter. Norges Bank bought a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $184,271,000. Balyasny Asset Management L.P. lifted its position in shares of Clearwater Analytics by 1,757.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,487,790 shares of the company’s stock valued at $84,125,000 after acquiring an additional 3,300,037 shares during the period. Finally, Blair William & Co. IL grew its stake in Clearwater Analytics by 83.5% during the third quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock worth $128,566,000 after buying an additional 3,245,986 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CWAN. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.98.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 51,967 shares of Clearwater Analytics stock in a transaction on Tuesday, March 31st. The stock was 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 approximately $33,691,732.20. This trade represents a 3.54% decrease in their ownership of the stock. 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 company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $514,817.80. Following the completion of the transaction, the chief financial officer owned 485,419 shares of the company’s stock, valued at $11,552,972.20. This trade represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 809,511 shares of company stock valued at $19,601,350 over the last quarter. Corporate insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock opened at $24.56 on Friday. The stock’s 50-day moving average is $24.32 and its 200 day moving average is $23.81. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $24.56. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of -136.44, a PEG ratio of 3.37 and a beta of 0.60. 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 (NYSE:CWAN) last released its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. Clearwater Analytics’s quarterly revenue was up 74.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

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.