Legal & General Group Plc Has $8.03 Million Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

Legal & General Group Plc increased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 332,979 shares of the company’s stock after purchasing an additional 35,520 shares during the quarter. Legal & General Group Plc owned approximately 0.11% of Clearwater Analytics worth $8,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWAN. AQR Capital Management LLC increased its position in Clearwater Analytics by 1,027.1% in the first quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock worth $3,560,000 after purchasing an additional 121,043 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Clearwater Analytics in the first quarter worth about $208,000. Woodline Partners LP increased its position in Clearwater Analytics by 75.2% in the first quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock worth $538,000 after purchasing an additional 8,613 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Clearwater Analytics by 1.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock worth $12,309,000 after purchasing an additional 6,826 shares during the period. Finally, M&T Bank Corp increased its position in Clearwater Analytics by 51.8% in the second quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock worth $289,000 after purchasing an additional 4,492 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Clearwater Analytics news, CFO James S. Cox sold 21,631 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $514,817.80. Following the transaction, the chief financial officer owned 485,419 shares in the company, valued at approximately $11,552,972.20. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Souvik Das sold 14,686 shares of Clearwater Analytics stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $349,526.80. Following the transaction, the chief technology officer owned 210,109 shares in the company, valued at $5,000,594.20. This trade represents a 6.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 194,332 shares of company stock valued at $4,624,562. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN opened at $24.38 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. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $25.07. The stock has a market cap of $7.28 billion, a P/E ratio of -135.41, a price-to-earnings-growth ratio of 3.35 and a beta of 0.60. The stock’s 50-day moving average price is $24.15 and its two-hundred day moving average price is $23.49.

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

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of research reports. DA Davidson reiterated a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Hold” and an average target price of $26.17.

Clearwater Analytics Company Profile

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.