Weiss Asset Management LP Acquires Shares of 843,439 Clearwater Analytics Holdings, Inc. $CWAN

Weiss Asset Management LP bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 843,439 shares of the company’s stock, valued at approximately $19,947,000. Weiss Asset Management LP owned about 0.29% of Clearwater Analytics at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CWAN. AQR Capital Management LLC increased its holdings in shares of Clearwater Analytics by 1,027.1% in the first quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after purchasing an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Clearwater Analytics during the 1st quarter worth $208,000. Woodline Partners LP boosted its position in Clearwater Analytics by 75.2% in the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after buying an additional 8,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Clearwater Analytics by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock valued at $12,309,000 after buying an additional 6,826 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Clearwater Analytics by 51.8% in the 2nd quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock valued at $289,000 after buying an additional 4,492 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Clearwater Analytics news, Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.35, for a total value of $243,500.00. Following the transaction, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 653,879 shares of company stock valued at $15,890,160. 3.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $24.56 on Friday. The firm’s 50 day moving average price is $24.45 and its two-hundred day moving average price is $24.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $24.56. The stock has a market cap of $7.33 billion, a PE ratio of -136.44, a PEG ratio of 3.37 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $221.23 million during the quarter, compared to analysts’ expectations of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The business’s revenue for the quarter was up 74.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Clearwater Analytics 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.