Rice Hall James & Associates LLC Makes New Investment in Clearwater Analytics Holdings, Inc. $CWAN

Rice Hall James & Associates LLC bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, HoldingsChannel.com reports. The fund bought 60,821 shares of the company’s stock, valued at approximately $1,467,000.

Several other hedge funds also recently bought and sold shares of CWAN. EverSource Wealth Advisors LLC increased its position in Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 720 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Clearwater Analytics in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. increased its position in Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after purchasing an additional 1,186 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Clearwater Analytics in the 4th quarter worth about $33,000. Finally, Danske Bank A S acquired a new position in Clearwater Analytics in the 3rd quarter worth about $36,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CWAN. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a research report on Wednesday, May 20th. 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 report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.19.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN opened at $24.25 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of -134.69, a P/E/G ratio of 3.33 and a beta of 0.60. The business’s 50-day simple moving average is $24.25 and its 200-day simple moving average is $23.66. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $24.43.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The firm’s revenue for the quarter was up 74.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 19,858 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $472,620.40. Following the sale, the insider owned 388,256 shares of the company’s stock, valued at $9,240,492.80. This trade represents a 4.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sandeep Sahai sold 51,967 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $1,236,814.60. Following the completion of the sale, the chief executive officer directly owned 1,415,619 shares in the company, valued at $33,691,732.20. This trade represents a 3.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 175,632 shares of company stock worth $4,198,091. Insiders own 3.31% of the company’s stock.

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.