Handelsbanken Fonder AB Sells 41,500 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Handelsbanken Fonder AB cut its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 33.3% during the 4th quarter, Holdings Channel reports. The firm owned 83,200 shares of the company’s stock after selling 41,500 shares during the period. Handelsbanken Fonder AB’s holdings in Clearwater Analytics were worth $2,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC bought a new position in shares of Clearwater Analytics during the third quarter worth approximately $11,268,000. Principal Financial Group Inc. increased its holdings in shares of Clearwater Analytics by 76.9% during the third quarter. Principal Financial Group Inc. now owns 2,380,238 shares of the company’s stock worth $42,892,000 after purchasing an additional 1,034,906 shares during the period. Truist Financial Corp increased its holdings in shares of Clearwater Analytics by 247.2% during the third quarter. Truist Financial Corp now owns 62,551 shares of the company’s stock worth $1,127,000 after purchasing an additional 44,533 shares during the period. Vanguard Group Inc. increased its holdings in shares of Clearwater Analytics by 21.9% during the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after purchasing an additional 5,967,798 shares during the period. Finally, Johnson Investment Counsel Inc. bought a new position in shares of Clearwater Analytics during the third quarter worth approximately $1,298,000. 50.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on CWAN shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. DA Davidson reaffirmed a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Weiss Ratings cut 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 reissued 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 equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.17.

Insiders Place Their Bets

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 18,790 shares of the business’s stock in a transaction 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 owned 155,119 shares of the company’s stock, valued at approximately $3,691,832.20. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Souvik Das sold 14,686 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $349,526.80. Following the sale, the chief technology officer directly owned 210,109 shares in the company, valued at approximately $5,000,594.20. The trade was a 6.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 194,332 shares of company stock valued at $4,624,562 over the last three months. 3.31% of the stock is owned by corporate insiders.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN opened at $24.33 on Monday. The company’s 50 day simple moving average is $23.94 and its 200 day simple moving average is $23.06. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of -135.13, a price-to-earnings-growth ratio of 3.51 and a beta of 0.61. 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 1 year low of $15.73 and a 1 year high of $25.07.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) 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 quarterly revenue was up 74.4% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. As a group, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.35 EPS for the current fiscal 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.