Hsbc Holdings PLC Takes Position in Clearwater Analytics Holdings, Inc. $CWAN

Hsbc Holdings PLC bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,530,460 shares of the company’s stock, valued at approximately $36,096,000. Hsbc Holdings PLC owned 0.52% of Clearwater Analytics as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. grew its stake in shares of Clearwater Analytics by 5.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 49,224 shares of the company’s stock valued at $1,164,000 after purchasing an additional 2,591 shares during the period. R Squared Ltd bought a new position in shares of Clearwater Analytics during the 1st quarter worth approximately $228,000. Credit Industriel ET Commercial acquired a new stake in Clearwater Analytics in the 1st quarter valued at $7,365,000. Abel Hall LLC bought a new stake in Clearwater Analytics in the first quarter valued at $400,000. Finally, Praxis Investment Management Inc. bought a new stake in Clearwater Analytics in the first quarter valued at $270,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief technology officer owned 180,109 shares in the company, valued at approximately $4,385,654.15. This represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 653,879 shares of company stock worth $15,890,160 over the last quarter. Corporate insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $24.56 on Tuesday. The business’s fifty day moving average is $24.43 and its two-hundred day moving average is $24.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market cap of $7.33 billion, a P/E ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $24.56.

Clearwater Analytics (NYSE:CWAN) last announced 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 company had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The firm’s quarterly revenue was up 74.4% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. Equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.