Dynamic Technology Lab Private Ltd Buys 24,364 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Dynamic Technology Lab Private Ltd lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 59.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 65,510 shares of the company’s stock after acquiring an additional 24,364 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Clearwater Analytics were worth $1,437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC lifted its position in shares of Clearwater Analytics by 7.3% during the first quarter. Cerity Partners LLC now owns 11,598 shares of the company’s stock valued at $311,000 after purchasing an additional 793 shares in the last quarter. CWM LLC grew its position in Clearwater Analytics by 714.6% in the 1st quarter. CWM LLC now owns 3,071 shares of the company’s stock worth $82,000 after purchasing an additional 2,694 shares in the last quarter. Victory Capital Management Inc. increased its stake in Clearwater Analytics by 523.2% in the 1st quarter. Victory Capital Management Inc. now owns 137,108 shares of the company’s stock valued at $3,674,000 after buying an additional 115,107 shares during the last quarter. Allianz Asset Management GmbH bought a new position in shares of Clearwater Analytics during the 1st quarter worth approximately $16,895,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Clearwater Analytics by 19.3% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 371,810 shares of the company’s stock worth $9,965,000 after buying an additional 60,038 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CWAN shares. Zacks Research raised Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Wells Fargo & Company reduced their price objective on Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wall Street Zen upgraded Clearwater Analytics from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a report on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Clearwater Analytics in a report on Wednesday, September 17th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

Clearwater Analytics Stock Up 0.2%

Shares of NYSE CWAN opened at $20.73 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $6.07 billion, a PE ratio of 13.55, a P/E/G ratio of 5.44 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $32.71. The business’s fifty day moving average price is $18.45 and its 200-day moving average price is $20.54.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data 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 firm had revenue of $205.11 million during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Clearwater Analytics announced that its board has initiated a share repurchase plan on Wednesday, September 3rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity at Clearwater Analytics

In related news, CTO Souvik Das sold 5,327 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 value of $94,181.36. Following the completion of the transaction, the chief technology officer directly owned 136,066 shares of the company’s stock, valued at approximately $2,405,646.88. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sandeep Sahai sold 16,592 shares of Clearwater Analytics 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 represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,602 shares of company stock worth $1,554,226 in the last ninety days. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Company 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.