Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Rangeley Capital LLC

Rangeley Capital LLC lowered its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 65.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 28,000 shares of the company’s stock after selling 52,000 shares during the quarter. Rangeley Capital LLC’s holdings in Clearwater Analytics were worth $662,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CWAN. AQR Capital Management LLC boosted its stake 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 worth $3,560,000 after acquiring an additional 121,043 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Clearwater Analytics in the first quarter valued at about $208,000. Woodline Partners LP raised its stake in Clearwater Analytics by 75.2% during 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 raised its stake in Clearwater Analytics by 1.5% during 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 boosted its holdings in 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 purchasing an additional 4,492 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the sale, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 653,879 shares of company stock worth $15,890,160 over the last 90 days. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $24.56 on Monday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $24.56. The firm’s 50-day moving average is $24.45 and its two-hundred day moving average is $24.04. The firm has a market capitalization of $7.33 billion, a PE ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26.

Clearwater Analytics (NYSE:CWAN) last released 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. The company had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm’s quarterly revenue was up 74.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. Analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

CWAN has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Two 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.98.

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.