Corient Private Wealth LLC Decreases Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

Corient Private Wealth LLC cut its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 43.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,540 shares of the company’s stock after selling 22,707 shares during the quarter. Corient Private Wealth LLC’s holdings in Clearwater Analytics were worth $648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Clearwater Analytics during the second quarter valued at $106,504,000. Hood River Capital Management LLC bought a new stake in Clearwater Analytics in the 2nd quarter worth about $99,105,000. Riverbridge Partners LLC purchased a new position in Clearwater Analytics in the 2nd quarter worth about $35,313,000. Tensile Capital Management LP bought a new position in Clearwater Analytics during the 2nd quarter valued at about $29,781,000. Finally, Blair William & Co. IL boosted its holdings in shares of Clearwater Analytics by 53.4% during the 2nd quarter. Blair William & Co. IL now owns 3,888,661 shares of the company’s stock valued at $85,278,000 after acquiring an additional 1,354,391 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 16,592 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 913,600 shares in the company, valued at $16,152,448. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Souvik Das sold 10,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $21.59, for a total transaction of $215,900.00. Following the completion of the sale, the chief technology officer directly owned 96,186 shares of the company’s stock, valued at approximately $2,076,655.74. This trade represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 120,727 shares of company stock valued at $2,402,598. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Trading Down 0.2%

NYSE:CWAN opened at $24.14 on Friday. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $32.00. The business has a fifty day moving average price of $20.48 and a 200-day moving average price of $20.33. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 6.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. Clearwater Analytics’s revenue for the quarter was up 77.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. Sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Clearwater Analytics announced that its Board of Directors has initiated a share buyback program on Wednesday, September 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 1.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on CWAN. JPMorgan Chase & Co. decreased their price objective on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Oppenheimer lowered shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Warburg Research set a $24.55 price target on Clearwater Analytics in a report on Monday, December 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Clearwater Analytics in a report on Monday, December 22nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $27.00 target price on shares of Clearwater Analytics in a report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.65.

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.