Melqart Asset Management UK Ltd Acquires Shares of 769,361 Clearwater Analytics Holdings, Inc. $CWAN

Melqart Asset Management UK Ltd acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 769,361 shares of the company’s stock, valued at approximately $18,557,000. Clearwater Analytics comprises 1.8% of Melqart Asset Management UK Ltd’s portfolio, making the stock its 22nd biggest position.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after acquiring an additional 720 shares during the period. Los Angeles Capital Management LLC acquired a new position in Clearwater Analytics in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. boosted its position in Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after purchasing an additional 1,186 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Clearwater Analytics during the fourth quarter worth approximately $33,000. Finally, Danske Bank A S acquired a new stake in Clearwater Analytics in the third quarter valued at approximately $36,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CWAN. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Finally, DA Davidson reissued a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.19.

Insider Activity

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total value of $450,109.00. Following the completion of the transaction, the chief financial officer directly owned 480,419 shares of the company’s stock, valued at approximately $11,563,685.33. This represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders sold 175,632 shares of company stock valued at $4,198,091 in the last three months. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Trading Down 0.1%

CWAN stock opened at $24.25 on Wednesday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $24.43. The business’s 50-day moving average is $24.25 and its 200 day moving average is $23.66. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of -134.69, a PEG ratio of 3.33 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $221.23 million during the quarter, compared to analysts’ expectations of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The business’s revenue was up 74.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal 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.