Ovata Capital Management Ltd Buys New Shares in Clearwater Analytics Holdings, Inc. $CWAN

Ovata Capital Management Ltd bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 282,380 shares of the company’s stock, valued at approximately $6,811,000. Clearwater Analytics makes up about 1.3% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also added to or reduced their stakes in CWAN. EverSource Wealth Advisors LLC grew its position in Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after purchasing an additional 720 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after purchasing an additional 640 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after acquiring an additional 1,186 shares during the last quarter. Danske Bank A S acquired a new stake in Clearwater Analytics in the third quarter valued at $36,000. Finally, Private Trust Co. NA lifted its stake in Clearwater Analytics by 643.3% in the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after acquiring an additional 1,338 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock opened at $24.38 on Friday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $25.07. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $24.13 and a two-hundred day simple moving average of $23.48. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of -135.41, a price-to-earnings-growth ratio of 3.35 and a beta of 0.60.

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

Insider Transactions at Clearwater Analytics

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 shares were sold at an average price of $23.80, for a total value of $514,817.80. Following the transaction, the chief financial officer directly owned 485,419 shares of the company’s stock, valued at $11,552,972.20. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Souvik Das sold 14,686 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $349,526.80. Following the completion of the transaction, the chief technology officer directly owned 210,109 shares in the company, valued at approximately $5,000,594.20. This represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 194,332 shares of company stock worth $4,624,562. Corporate insiders own 3.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of recent analyst reports. DA Davidson reiterated a “neutral” rating and issued 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 note on Friday, May 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.