Manning & Napier Advisors LLC Has $369,000 Stock Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Manning & Napier Advisors LLC decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 99.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,622 shares of the company’s stock after selling 2,799,528 shares during the period. Manning & Napier Advisors LLC’s holdings in Clearwater Analytics were worth $369,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Starboard Value LP bought a new stake in shares of Clearwater Analytics in the fourth quarter worth $240,212,000. Wellington Management Group LLP grew its position in Clearwater Analytics by 108.7% in the third 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 in the last quarter. Norges Bank acquired a new stake in Clearwater Analytics in the 4th quarter valued at $184,271,000. Balyasny Asset Management L.P. increased its stake in Clearwater Analytics by 1,757.6% in 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 buying an additional 3,300,037 shares during the last quarter. Finally, Glazer Capital LLC bought a new stake in Clearwater Analytics during the 4th quarter worth about $75,846,000. 50.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CWAN has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reissued a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.98.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $24.56 on Monday. The company has a market cap of $7.33 billion, a PE ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. The firm has a 50-day moving average of $24.40 and a 200-day moving average of $24.01. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $24.56. 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 issued 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. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. During the same period in the prior year, the firm earned $0.13 EPS. Clearwater Analytics’s quarterly revenue was up 74.4% compared to the same quarter last year. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the business’s 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 transaction, the chief financial officer directly owned 480,419 shares of the company’s stock, valued at approximately $11,563,685.33. The trade was a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Souvik Das sold 10,000 shares of the stock in a transaction 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 completion of the sale, the chief technology officer owned 180,109 shares in the company, valued at approximately $4,385,654.15. This trade represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 672,579 shares of company stock worth $16,340,269 over the last 90 days. Company insiders own 3.31% of the company’s stock.

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.