Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC cut its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,815,150 shares of the company’s stock after selling 379,819 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Clearwater Analytics were worth $67,901,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CWAN. WCM Investment Management LLC acquired a new position in Clearwater Analytics during the third quarter worth about $11,268,000. Principal Financial Group Inc. raised its holdings in Clearwater Analytics by 76.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,380,238 shares of the company’s stock valued at $42,892,000 after acquiring an additional 1,034,906 shares during the last quarter. Truist Financial Corp lifted its stake in Clearwater Analytics by 247.2% in the 3rd quarter. Truist Financial Corp now owns 62,551 shares of the company’s stock worth $1,127,000 after purchasing an additional 44,533 shares in the last quarter. Summit Creek Advisors LLC boosted its holdings in shares of Clearwater Analytics by 14.7% during the 3rd quarter. Summit Creek Advisors LLC now owns 379,156 shares of the company’s stock worth $6,832,000 after purchasing an additional 48,523 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $1,298,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $24.07, for a total value of $450,109.00. Following the sale, the chief financial officer directly owned 480,419 shares in the company, valued at approximately $11,563,685.33. The trade was a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Scott Stanley Erickson sold 18,790 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $447,202.00. Following the completion of the transaction, the executive directly owned 155,119 shares in the company, valued at $3,691,832.20. The trade was a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 780,842 shares of company stock worth $18,358,880 in the last 90 days. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Trading Up 0.2%

Shares of Clearwater Analytics stock opened at $24.35 on Friday. The stock has a 50 day moving average of $23.74 and a 200 day moving average of $22.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of -135.24, a PEG ratio of 3.41 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $25.07.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a positive return on equity of 3.19% and a negative net margin of 5.88%.The company’s revenue for the quarter was up 74.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. As a group, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on CWAN. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Morgan Stanley restated an “equal weight” rating and issued a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Weiss Ratings lowered Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Finally, Jefferies Financial Group cut shares of Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Three 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.17.

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.