Emerald Advisers LLC Lowers Stock Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Emerald Advisers LLC lessened its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 4.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,025,414 shares of the company’s stock after selling 46,893 shares during the period. Emerald Advisers LLC owned 0.35% of Clearwater Analytics worth $18,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after acquiring an additional 1,024 shares during the period. First Horizon Advisors Inc. lifted its holdings in Clearwater Analytics by 278.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after purchasing an additional 1,121 shares in the last quarter. Bessemer Group Inc. boosted its stake in Clearwater Analytics by 84.6% in the 2nd 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. Nisa Investment Advisors LLC grew its holdings 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 buying an additional 1,151 shares in the last quarter. Finally, Hilltop National Bank grew its holdings in Clearwater Analytics by 12.6% during the 3rd quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock valued at $100,000 after buying an additional 619 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Trading Down 0.1%

CWAN opened at $24.32 on Thursday. The stock has a 50-day moving average of $22.61 and a 200 day moving average of $20.58. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $32.00. The firm has a market cap of $7.12 billion, a P/E ratio of 15.89, a P/E/G ratio of 3.52 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $205.11 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.14 earnings per share. As a group, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity at Clearwater Analytics

In related news, CFO James S. Cox sold 63,709 shares of Clearwater Analytics stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,534,749.81. Following the completion of the transaction, the chief financial officer directly owned 400,691 shares of the company’s stock, valued at approximately $9,652,646.19. The trade was a 13.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Souvik Das sold 41,594 shares of the stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $1,001,999.46. Following the completion of the sale, the chief technology officer directly owned 148,224 shares in the company, valued at $3,570,716.16. This trade represents a 21.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 447,164 shares of company stock valued at $10,590,768 over the last three months. Corporate insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CWAN. Morgan Stanley restated an “overweight” rating and set a $27.00 target price on shares of Clearwater Analytics in a research report on Monday, November 24th. Wall Street Zen downgraded shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. JPMorgan Chase & Co. cut their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company downgraded Clearwater Analytics from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $27.00 to $24.55 in a research report on Thursday, January 8th. Finally, Warburg Research set a $24.55 price target on Clearwater Analytics in a research note on Monday, December 22nd. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Clearwater Analytics has an average rating of “Hold” and an average target price of $27.93.

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.