Polar Asset Management Partners Inc. Acquires 2,200,000 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Polar Asset Management Partners Inc. raised its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 154.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,622,500 shares of the company’s stock after acquiring an additional 2,200,000 shares during the quarter. Clearwater Analytics comprises 1.7% of Polar Asset Management Partners Inc.’s portfolio, making the stock its 6th largest position. Polar Asset Management Partners Inc. owned approximately 1.21% of Clearwater Analytics worth $85,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Essex Investment Management Co. LLC lifted its stake in shares of Clearwater Analytics by 27.2% in the 4th quarter. Essex Investment Management Co. LLC now owns 2,298 shares of the company’s stock valued at $55,000 after purchasing an additional 492 shares during the period. Mackenzie Financial Corp boosted its position in shares of Clearwater Analytics by 3.7% in the 4th quarter. Mackenzie Financial Corp now owns 15,466 shares of the company’s stock worth $372,000 after purchasing an additional 545 shares during the last quarter. Cim LLC grew its stake in shares of Clearwater Analytics by 0.8% during the third quarter. Cim LLC now owns 66,184 shares of the company’s stock worth $1,193,000 after purchasing an additional 557 shares during the period. Lazard Asset Management LLC grew its stake in shares of Clearwater Analytics by 5.7% during the first quarter. Lazard Asset Management LLC now owns 13,170 shares of the company’s stock worth $311,000 after purchasing an additional 708 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Transactions at Clearwater Analytics

In other news, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction dated 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 owned 180,109 shares in the company, valued at $4,385,654.15. The trade was a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director D Scott Mackesy sold 633,879 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 653,879 shares of company stock worth $15,890,160. 3.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CWAN has been the topic of a number of recent analyst reports. DA Davidson restated a “neutral” rating and set a $24.55 target price 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.98.

Clearwater Analytics Price Performance

CWAN opened at $24.56 on Monday. 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 12 month low of $15.73 and a 12 month high of $24.56. The company has a fifty day simple moving average of $24.45 and a 200 day simple moving average of $24.04. The stock 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 (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The firm had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 74.4% on a year-over-year basis. On average, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

About Clearwater Analytics

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.