Gabelli Funds LLC Grows Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

Gabelli Funds LLC increased its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 186.5% in the first quarter, HoldingsChannel reports. The fund owned 940,350 shares of the company’s stock after purchasing an additional 612,150 shares during the period. Gabelli Funds LLC’s holdings in Clearwater Analytics were worth $22,239,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 720 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Clearwater Analytics in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. lifted its position in Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after purchasing an additional 1,186 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Clearwater Analytics during the fourth quarter valued at approximately $33,000. Finally, Private Trust Co. NA grew its holdings in shares of Clearwater Analytics by 643.3% in the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock worth $37,000 after purchasing an additional 1,338 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the transaction, the chief technology officer owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director D Scott Mackesy sold 633,879 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 653,879 shares of company stock worth $15,890,160 in the last three months. 3.31% of the stock is currently owned by insiders.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $24.56 on Friday. 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 firm has a market capitalization 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. The business has a fifty day simple moving average of $24.45 and a two-hundred day simple moving average of $24.04. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $24.56.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on CWAN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.98.

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.