AXQ Capital LP Purchases Shares of 13,963 Clearwater Analytics Holdings, Inc. $CWAN

AXQ Capital LP acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,963 shares of the company’s stock, valued at approximately $306,000.

A number of other hedge funds have also recently made changes to their positions in CWAN. Legal & General Group Plc raised its holdings in shares of Clearwater Analytics by 12.1% in the 2nd quarter. Legal & General Group Plc now owns 344,954 shares of the company’s stock worth $7,565,000 after acquiring an additional 37,132 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Clearwater Analytics by 28.0% in the second quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock worth $4,188,000 after purchasing an additional 41,800 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Clearwater Analytics by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 5,774,285 shares of the company’s stock worth $126,630,000 after purchasing an additional 363,720 shares during the last quarter. Magnetar Financial LLC lifted its holdings in shares of Clearwater Analytics by 10.4% in the second quarter. Magnetar Financial LLC now owns 14,819 shares of the company’s stock valued at $325,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Clearwater Analytics by 8.2% during the second quarter. Swiss National Bank now owns 447,996 shares of the company’s stock valued at $9,825,000 after buying an additional 33,896 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CWAN shares. UBS Group cut their price objective on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company dropped their price target on shares of Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Zacks Research raised shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Wall Street Zen lowered shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, DA Davidson restated a “buy” rating and issued a $30.00 target price on shares of Clearwater Analytics in a research note on Tuesday, November 18th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.56.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 4,505 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total value of $79,648.40. Following the sale, the executive directly owned 19,552 shares in the company, valued at approximately $345,679.36. The trade was a 18.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sandeep Sahai sold 16,592 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $293,346.56. Following the transaction, the chief executive officer owned 913,600 shares of the company’s stock, valued at $16,152,448. This represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 83,602 shares of company stock worth $1,554,226. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Stock Up 0.6%

CWAN opened at $21.70 on Tuesday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $32.71. The company’s 50-day moving average price is $18.54 and its two-hundred day moving average price is $20.49. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 5.68 and a beta of 0.69. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The company had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. During the same period last year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 77.1% compared to the same quarter last year. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Clearwater Analytics announced that its Board of Directors has approved a share buyback plan on Wednesday, September 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.