Gabelli Funds LLC Makes New Investment in Clearwater Analytics Holdings, Inc. $CWAN

Gabelli Funds LLC acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 328,200 shares of the company’s stock, valued at approximately $7,916,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWAN. AQR Capital Management LLC grew its holdings in shares of Clearwater Analytics by 1,027.1% during the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after acquiring an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Clearwater Analytics during the 1st quarter valued at $208,000. Woodline Partners LP grew 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Clearwater Analytics by 1.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock valued at $12,309,000 after acquiring an additional 6,826 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Clearwater Analytics by 51.8% in the 2nd quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock valued at $289,000 after purchasing an additional 4,492 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CRO Scott Stanley Erickson sold 18,790 shares of the 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 $447,202.00. Following the sale, the executive directly owned 155,119 shares of the company’s stock, valued at $3,691,832.20. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $24.07, for a total transaction of $450,109.00. Following the sale, the chief financial officer directly owned 480,419 shares in the company, valued at $11,563,685.33. This trade represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 194,332 shares of company stock valued at $4,624,562. Corporate insiders own 3.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CWAN. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research note on Wednesday. UBS Group lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $24.55 in a research note on Monday, January 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Weiss Ratings lowered shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.17.

Clearwater Analytics Stock Up 0.1%

Shares of CWAN opened at $24.40 on Thursday. The company has a 50-day simple moving average of $23.90 and a 200-day simple moving average of $22.98. The firm has a market capitalization of $7.28 billion, a P/E ratio of -135.52, a P/E/G ratio of 3.52 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $25.07.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm’s revenue for the quarter was up 74.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.35 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.