Summit Creek Advisors LLC Purchases 48,523 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Summit Creek Advisors LLC grew its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 379,156 shares of the company’s stock after acquiring an additional 48,523 shares during the quarter. Summit Creek Advisors LLC’s holdings in Clearwater Analytics were worth $6,832,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CWAN. AQR Capital Management LLC grew its holdings in Clearwater Analytics by 1,027.1% during the 1st 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 during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Clearwater Analytics during the first quarter valued at approximately $208,000. Woodline Partners LP raised its holdings in shares of 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 buying an additional 8,613 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 buying an additional 6,826 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of Clearwater Analytics by 53.9% during the 1st quarter. Intech Investment Management LLC now owns 107,436 shares of the company’s stock worth $2,879,000 after acquiring an additional 37,615 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 44,386 shares of the stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,069,258.74. Following the transaction, the executive directly owned 72,917 shares in the company, valued at approximately $1,756,570.53. This trade represents a 37.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Souvik Das sold 41,594 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,001,999.46. Following the transaction, the chief technology officer directly owned 148,224 shares in the company, valued at approximately $3,570,716.16. The trade was a 21.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 429,739 shares of company stock worth $10,101,275. Insiders own 3.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. DA Davidson reiterated a “buy” rating and set a $30.00 target price on shares of Clearwater Analytics in a research report on Wednesday, December 10th. Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Warburg Research set a $24.55 price target on shares of Clearwater Analytics in a research note on Monday, December 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $27.00 price objective on shares of Clearwater Analytics in a report on Monday, November 24th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.42.

Clearwater Analytics Price Performance

CWAN opened at $24.13 on Monday. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 3.49 and a beta of 0.66. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.00. The business’s fifty day simple moving average is $21.54 and its 200-day simple moving average is $20.46.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $205.11 million during the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm’s revenue was up 77.1% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. On average, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.