Congress Asset Management Co. Has $12.74 Million Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

Congress Asset Management Co. increased its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 11.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 706,930 shares of the company’s stock after buying an additional 70,320 shares during the period. Congress Asset Management Co. owned 0.24% of Clearwater Analytics worth $12,739,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after acquiring an additional 1,121 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after purchasing an additional 708 shares during the period. Quarry LP lifted its position in shares of Clearwater Analytics by 979.4% during the 1st quarter. Quarry LP now owns 2,094 shares of the company’s stock worth $56,000 after purchasing an additional 1,900 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Clearwater Analytics by 36.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock valued at $94,000 after purchasing an additional 1,151 shares during the period. Finally, Hilltop National Bank acquired a new stake in Clearwater Analytics in the 2nd quarter valued at approximately $108,000. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,505 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $79,648.40. Following the completion of the transaction, the executive directly owned 19,552 shares in the company, valued at $345,679.36. This represents a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sandeep Sahai sold 16,592 shares of Clearwater Analytics stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $293,346.56. Following the transaction, the chief executive officer directly owned 913,600 shares of the company’s stock, valued at approximately $16,152,448. The trade was a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 120,727 shares of company stock valued at $2,402,598. 3.31% of the stock is currently owned by insiders.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock opened at $22.25 on Monday. The firm has a market cap of $6.51 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 5.86 and a beta of 0.67. The firm’s 50-day simple moving average is $19.87 and its 200-day simple moving average is $20.30. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $32.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last announced 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 business had revenue of $205.11 million for the quarter, compared to the consensus estimate of $203.66 million. During the same quarter in the prior year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 77.1% on a year-over-year basis. As a group, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Clearwater Analytics declared that its board has initiated a share repurchase plan on Wednesday, September 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CWAN. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 15th. Wall Street Zen lowered shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a report on Wednesday, September 17th. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Finally, UBS Group cut their price objective on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.56.

About Clearwater Analytics

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.