Principal Financial Group Inc. Decreases Position in Clearwater Analytics Holdings, Inc. $CWAN

Principal Financial Group Inc. decreased its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 99.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,203 shares of the company’s stock after selling 2,512,071 shares during the period. Principal Financial Group Inc.’s holdings in Clearwater Analytics were worth $478,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CWAN. EverSource Wealth Advisors LLC lifted its position in Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 720 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Clearwater Analytics in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. grew its position in Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after acquiring an additional 1,186 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Clearwater Analytics during the fourth quarter valued at approximately $33,000. Finally, Danske Bank A S purchased a new stake in shares of Clearwater Analytics during the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

CWAN stock opened at $24.56 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $24.56. The stock’s 50 day moving average is $24.47 and its two-hundred day moving average is $24.05. The company has a market capitalization of $7.33 billion, a PE ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $221.23 million for 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%.Clearwater Analytics’s quarterly revenue was up 74.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clearwater Analytics news, Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. Also, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer directly owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 653,879 shares of company stock valued at $15,890,160. Insiders own 3.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CWAN. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.98.

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.