Calamos Advisors LLC Buys Shares of 1,377,682 Clearwater Analytics Holdings, Inc. $CWAN

Calamos Advisors LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,377,682 shares of the company’s stock, valued at approximately $32,582,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWAN. Wellington Management Group LLP boosted its position in shares of Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after buying an additional 9,268,950 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Clearwater Analytics by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock valued at $330,827,000 after buying an additional 1,459,150 shares in the last quarter. Starboard Value LP acquired a new position in shares of Clearwater Analytics during the 4th quarter worth about $240,212,000. Wasatch Advisors LP increased its position in Clearwater Analytics by 3.0% during the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after buying an additional 274,664 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Clearwater Analytics by 15.8% during the 4th quarter. Morgan Stanley now owns 7,855,686 shares of the company’s stock worth $189,479,000 after acquiring an additional 1,074,771 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Souvik Das sold 10,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $24.35, for a total value of $243,500.00. Following the transaction, the chief technology officer directly owned 180,109 shares in the company, valued at $4,385,654.15. This trade represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 672,579 shares of company stock valued at $16,340,269. 3.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CWAN has been the topic of several research analyst reports. DA Davidson reissued a “neutral” rating and issued a $24.55 price target 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 research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.98.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $24.56 on Tuesday. The business has a fifty day simple moving average of $24.41 and a 200 day simple moving average of $24.01. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. 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 12-month low of $15.73 and a 12-month 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, hitting analysts’ consensus estimates of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The business had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same quarter last year, the firm earned $0.13 earnings per share. Clearwater Analytics’s quarterly revenue was up 74.4% on a year-over-year basis. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current 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.