Clearwater Analytics Holdings, Inc. $CWAN Stock Holdings Lifted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 28.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,950 shares of the company’s stock after purchasing an additional 41,800 shares during the period. Hillsdale Investment Management Inc.’s holdings in Clearwater Analytics were worth $4,188,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Cerity Partners LLC raised its position in 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 acquiring an additional 793 shares in the last quarter. CWM LLC boosted its position in Clearwater Analytics by 714.6% during the first quarter. CWM LLC now owns 3,071 shares of the company’s stock worth $82,000 after purchasing an additional 2,694 shares during the period. Victory Capital Management Inc. raised its position in shares of Clearwater Analytics by 523.2% in the first quarter. Victory Capital Management Inc. now owns 137,108 shares of the company’s stock valued at $3,674,000 after purchasing an additional 115,107 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Clearwater Analytics in the first quarter worth $16,895,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings 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 during the period. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

CWAN opened at $21.55 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 company’s 50 day simple moving average is $18.49 and its 200-day simple moving average is $20.53. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $32.71. The stock has a market capitalization of $6.31 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 5.46 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last posted 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 firm had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm’s quarterly revenue was up 77.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $20.57, for a total value of $205,700.00. Following the transaction, the chief technology officer owned 121,549 shares in the company, valued at $2,500,262.93. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 4,505 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total value of $79,648.40. Following the sale, the executive directly 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 SEC filing for this sale provides additional information. Insiders have sold 83,602 shares of company stock valued at $1,554,226 over the last 90 days. Corporate insiders own 3.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CWAN shares. Wall Street Zen downgraded shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research note on Wednesday. Wells Fargo & Company cut their price objective on Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 target price on shares of Clearwater Analytics in a report on Tuesday. Finally, UBS Group cut their price target on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.56.

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.