GABELLI & Co INVESTMENT ADVISERS INC. Has $18.50 Million Holdings in Clearwater Analytics Holdings, Inc. $CWAN

GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 192.1% in the first quarter, HoldingsChannel reports. The firm owned 782,340 shares of the company’s stock after purchasing an additional 514,540 shares during the quarter. Clearwater Analytics accounts for 2.7% of GABELLI & Co INVESTMENT ADVISERS INC.’s portfolio, making the stock its 7th largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Clearwater Analytics were worth $18,502,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in Clearwater Analytics by 1,027.1% during the first quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after purchasing an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Clearwater Analytics in the 1st quarter worth $208,000. Woodline Partners LP increased its holdings in shares of Clearwater Analytics by 75.2% in the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock worth $538,000 after buying an additional 8,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Clearwater Analytics by 1.5% in the 1st 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 buying an additional 6,826 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Clearwater Analytics by 51.8% during the 2nd quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock valued at $289,000 after buying an additional 4,492 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a report on Wednesday, May 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. 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 data from MarketBeat.com, Clearwater Analytics presently has an average rating of “Hold” and an average target price of $24.98.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $24.56 on Friday. The company’s fifty day simple moving average is $24.45 and its 200-day simple moving average is $24.04. The company has a market cap of $7.33 billion, a P/E ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $24.56.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $221.23 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 74.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. As a group, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Insider Activity

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the transaction, the chief technology officer owned 180,109 shares in the company, valued at $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 653,879 shares of company stock valued at $15,890,160. 3.31% of the stock is owned by insiders.

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.