Magnetar Financial LLC Acquires 73,171 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Magnetar Financial LLC increased its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 493.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,990 shares of the company’s stock after acquiring an additional 73,171 shares during the quarter. Magnetar Financial LLC’s holdings in Clearwater Analytics were worth $1,586,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Clearwater Analytics by 189.3% in the 3rd 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. Essex Investment Management Co. LLC grew 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 worth $33,000 after purchasing an additional 640 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of Clearwater Analytics during the third quarter worth approximately $95,000. Hilltop National Bank increased its holdings in shares of Clearwater Analytics by 12.6% during the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after purchasing an additional 619 shares during the period. Finally, Covestor Ltd raised its position in shares of Clearwater Analytics by 39.4% in the third quarter. Covestor Ltd now owns 6,111 shares of the company’s stock valued at $110,000 after buying an additional 1,728 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CWAN. Warburg Research set a $24.55 price target on Clearwater Analytics in a research note on Monday, December 22nd. Weiss Ratings cut Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Wells Fargo & Company downgraded Clearwater Analytics from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Finally, Wall Street Zen cut Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Clearwater Analytics has an average rating of “Hold” and an average price target of $26.17.

Clearwater Analytics Trading Down 0.4%

Shares of CWAN opened at $23.17 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $27.76. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of -165.45, a PEG ratio of 3.23 and a beta of 0.67. The business’s fifty day moving average is $23.74 and its 200-day moving average is $21.29.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 93,930 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 $2,201,719.20. Following the transaction, the chief financial officer owned 474,114 shares in the company, valued at $11,113,232.16. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Scott Stanley Erickson sold 74,530 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $1,746,983.20. Following the transaction, the executive directly owned 138,630 shares of the company’s stock, valued at approximately $3,249,487.20. The trade was a 34.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,002,699 shares of company stock valued at $23,710,318 over the last ninety days. 3.31% of the stock is owned by insiders.

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.