TFJ Management LLC Acquires New Position in Clearwater Analytics Holdings, Inc. $CWAN

TFJ Management LLC acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 357,043 shares of the company’s stock, valued at approximately $6,434,000. Clearwater Analytics comprises 4.3% of TFJ Management LLC’s investment portfolio, making the stock its 10th largest holding.

Other institutional investors also recently 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 last quarter. Essex Investment Management Co. LLC increased its holdings 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 buying an additional 640 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Clearwater Analytics during the 3rd quarter valued at approximately $95,000. Hilltop National Bank raised its position in shares of Clearwater Analytics by 12.6% during the 3rd quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock valued at $100,000 after buying an additional 619 shares during the period. Finally, Covestor Ltd lifted its holdings in 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 acquiring an additional 1,728 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $23.17 on Friday. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $27.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The company has a 50 day moving average price of $23.72 and a 200 day moving average price of $21.31. The stock has a market capitalization of $6.85 billion, a P/E ratio of -165.50, a PEG ratio of 3.22 and a beta of 0.67.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Warburg Research set a $24.55 price objective on Clearwater Analytics in a research report on Monday, December 22nd. DA Davidson restated a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a research report on Thursday, February 19th. UBS Group lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $24.55 in a research note on Monday, January 26th. Morgan Stanley reiterated an “equal weight” rating and set a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Clearwater Analytics presently has a consensus rating of “Hold” and a consensus target price of $26.17.

Insider Activity at Clearwater Analytics

In related news, CTO Souvik Das sold 88,848 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $2,082,597.12. Following the sale, the chief technology officer owned 207,132 shares in the company, valued at approximately $4,855,174.08. The trade was a 30.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James S. Cox sold 93,930 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 transaction of $2,201,719.20. Following the sale, the chief financial officer owned 474,114 shares in the company, valued at $11,113,232.16. This trade represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 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.

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.