Strs Ohio Cuts Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Strs Ohio decreased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 53.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,100 shares of the company’s stock after selling 35,700 shares during the period. Strs Ohio’s holdings in Clearwater Analytics were worth $560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CWAN. AQR Capital Management LLC boosted its position in shares of Clearwater Analytics by 1,027.1% during the first quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after buying an additional 121,043 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Clearwater Analytics during the 1st quarter valued at about $208,000. Woodline Partners LP boosted its holdings in shares of Clearwater Analytics by 75.2% during the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after acquiring an additional 8,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Clearwater Analytics by 1.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock worth $12,309,000 after acquiring an additional 6,826 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Clearwater Analytics during the second quarter valued at approximately $108,000. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Trading Up 0.0%

Shares of NYSE:CWAN opened at $24.09 on Friday. The stock has a 50 day moving average of $23.15 and a 200 day moving average of $20.69. The company has a market cap of $7.05 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 3.48 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. Clearwater Analytics’s revenue for the quarter was up 77.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. As a group, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity at Clearwater Analytics

In other news, insider Subi Sethi sold 25,646 shares of the business’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $617,812.14. Following the transaction, the insider directly owned 277,189 shares in the company, valued at $6,677,483.01. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 63,709 shares of the stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $1,534,749.81. Following the sale, the chief financial officer owned 400,691 shares of the company’s stock, valued at $9,652,646.19. This represents a 13.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 447,164 shares of company stock worth $10,590,768 in the last 90 days. Company insiders own 3.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CWAN. Warburg Research set a $24.55 target price on shares of Clearwater Analytics in a research report on Monday, December 22nd. Wells Fargo & Company cut Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $27.00 to $24.55 in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Clearwater Analytics in a research note on Monday, December 29th. Jefferies Financial Group cut shares of Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.21.

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.