Los Angeles Capital Management LLC Has $2.23 Million Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Los Angeles Capital Management LLC grew its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 179.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,730 shares of the company’s stock after buying an additional 65,387 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Clearwater Analytics were worth $2,231,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Clearwater Analytics by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company’s stock worth $623,001,000 after purchasing an additional 2,366,715 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Clearwater Analytics during the 1st quarter valued at $56,648,000. Nuveen LLC acquired a new stake in shares of Clearwater Analytics in the first quarter worth $53,894,000. Riverbridge Partners LLC acquired a new stake in shares of Clearwater Analytics in the second quarter worth $35,313,000. Finally, Invesco Ltd. grew its holdings in shares of Clearwater Analytics by 34.1% during the first quarter. Invesco Ltd. now owns 5,706,337 shares of the company’s stock valued at $152,930,000 after buying an additional 1,452,474 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

CWAN stock opened at $18.45 on Wednesday. The firm has a 50 day moving average of $18.48 and a two-hundred day moving average of $20.65. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $32.71. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 4.57 and a beta of 0.69. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42.

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

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CWAN. DA Davidson reissued a “buy” rating and issued a $30.00 price objective on shares of Clearwater Analytics in a research note on Tuesday. UBS Group dropped their target price on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, August 11th. Finally, Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.56.

Insider Buying and Selling

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,505 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $79,648.40. Following the completion of the sale, the executive owned 19,552 shares of the company’s stock, valued at $345,679.36. This represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James S. Cox sold 11,275 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $17.98, for a total value of $202,724.50. Following the transaction, the chief financial officer owned 338,983 shares in the company, valued at approximately $6,094,914.34. This trade represents a 3.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 143,602 shares of company stock valued at $2,756,283. 3.31% of the stock is owned by corporate insiders.

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.