Grandeur Peak Global Advisors LLC Boosts Stock Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Grandeur Peak Global Advisors LLC lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,817 shares of the company’s stock after acquiring an additional 45,214 shares during the quarter. Clearwater Analytics makes up approximately 1.1% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 24th largest position. Grandeur Peak Global Advisors LLC owned about 0.15% of Clearwater Analytics worth $9,514,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in Clearwater Analytics by 8.3% in the 1st quarter. Cetera Investment Advisers now owns 15,423 shares of the company’s stock valued at $413,000 after buying an additional 1,180 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Clearwater Analytics by 35.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,055 shares of the company’s stock worth $1,020,000 after acquiring an additional 9,896 shares during the period. LPL Financial LLC lifted its holdings in Clearwater Analytics by 25.8% during the first quarter. LPL Financial LLC now owns 115,179 shares of the company’s stock worth $2,888,000 after acquiring an additional 23,630 shares during the period. Natixis Advisors LLC boosted its position in Clearwater Analytics by 15.7% in the first quarter. Natixis Advisors LLC now owns 88,848 shares of the company’s stock worth $2,381,000 after purchasing an additional 12,057 shares during the last quarter. Finally, US Bancorp DE grew its stake in Clearwater Analytics by 35.8% in the 1st quarter. US Bancorp DE now owns 18,354 shares of the company’s stock valued at $492,000 after purchasing an additional 4,836 shares during the period. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $22.06 on Friday. The firm’s 50 day moving average is $18.77 and its 200 day moving average is $20.45. The stock has a market capitalization of $6.46 billion, a P/E ratio of 14.42, a PEG ratio of 5.81 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $32.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $205.11 million for the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The company’s revenue was up 77.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Clearwater Analytics declared that its board has authorized a stock repurchase program on Wednesday, September 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity at Clearwater Analytics

In other news, CTO Souvik Das sold 5,327 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $94,181.36. Following the sale, the chief technology officer directly owned 136,066 shares in the company, valued at $2,405,646.88. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sandeep Sahai sold 16,592 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total transaction of $293,346.56. Following the completion of the transaction, the chief executive officer owned 913,600 shares of the company’s stock, valued at $16,152,448. This trade represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 113,302 shares of company stock worth $2,207,626 in the last 90 days. 3.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CWAN. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research note on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $27.00 price objective on shares of Clearwater Analytics in a research report on Monday, November 24th. Wells Fargo & Company reduced their target price on shares of Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price target on shares of Clearwater Analytics in a report on Tuesday, November 18th. Finally, Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.56.

Clearwater Analytics Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.