3,817,188 Shares in Clearwater Analytics Holdings, Inc. $CWAN Acquired by Kryger Capital LLC

Kryger Capital LLC acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,817,188 shares of the company’s stock, valued at approximately $90,276,000. Clearwater Analytics makes up about 6.4% of Kryger Capital LLC’s portfolio, making the stock its 5th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC acquired a new position in shares of Clearwater Analytics during the 4th quarter worth $7,916,000. Stephens Investment Management Group LLC lifted its stake in shares of Clearwater Analytics by 18.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock valued at $85,187,000 after purchasing an additional 553,218 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at $6,459,000. Ovata Capital Management Ltd bought a new stake in Clearwater Analytics in the fourth quarter worth $6,811,000. Finally, Bamco Inc. NY boosted its holdings in Clearwater Analytics by 1.8% in the fourth quarter. Bamco Inc. NY now owns 7,816,447 shares of the company’s stock worth $188,533,000 after purchasing an additional 141,409 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Price Performance

CWAN stock opened at $24.56 on Friday. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. The company has a 50-day moving average of $24.45 and a two-hundred day moving average of $24.04. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week 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 posted its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The business had revenue of $221.23 million during the quarter, compared to analysts’ expectations of $214.09 million. During the same quarter in the previous year, the firm earned $0.13 EPS. The firm’s revenue was up 74.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Clearwater Analytics

In other news, CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the transaction, the chief technology officer directly owned 180,109 shares in the company, valued at $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $24.30, for a total value of $15,403,259.70. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 653,879 shares of company stock worth $15,890,160. Company insiders own 3.31% of the company’s stock.

About Clearwater Analytics

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.