Peregrine Capital Management LLC Boosts Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

Peregrine Capital Management LLC lifted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 607,253 shares of the company’s stock after purchasing an additional 41,975 shares during the quarter. Peregrine Capital Management LLC’s holdings in Clearwater Analytics were worth $14,647,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cim LLC grew its holdings in Clearwater Analytics by 0.8% in the 3rd quarter. Cim LLC now owns 66,184 shares of the company’s stock valued at $1,193,000 after buying an additional 557 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Clearwater Analytics by 54.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after acquiring an additional 640 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares during the period. GAMMA Investing LLC increased its position in Clearwater Analytics by 241.6% during the fourth quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock worth $38,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Clearwater Analytics by 109.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,269 shares of the company’s stock worth $55,000 after purchasing an additional 1,184 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CWAN shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Morgan Stanley reissued an “equal weight” rating and set a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Weiss Ratings lowered shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Wells Fargo & Company cut shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Finally, DA Davidson reissued a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.17.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CTO Souvik Das sold 88,848 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $2,082,597.12. Following the completion of the transaction, the chief technology officer directly owned 207,132 shares of the company’s stock, valued at $4,855,174.08. The trade was a 30.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 74,530 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $1,746,983.20. Following the sale, the executive directly owned 138,630 shares in the company, valued at $3,249,487.20. This represents a 34.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 780,842 shares of company stock worth $18,358,880 over the last ninety days. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Trading Down 0.0%

Shares of NYSE CWAN traded down $0.01 during trading on Thursday, reaching $24.17. The stock had a trading volume of 868,074 shares, compared to its average volume of 9,060,984. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market cap of $7.14 billion, a P/E ratio of -172.67, a PEG ratio of 3.39 and a beta of 0.64. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $25.07. The business’s 50-day moving average price is $23.56 and its 200-day moving average price is $22.20.

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.