Absolute Gestao de Investimentos Ltda. Invests $16.55 Million in Clearwater Analytics Holdings, Inc. $CWAN

Absolute Gestao de Investimentos Ltda. acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 699,571 shares of the company’s stock, valued at approximately $16,545,000. Clearwater Analytics accounts for approximately 1.9% of Absolute Gestao de Investimentos Ltda.’s holdings, making the stock its 15th biggest holding. Absolute Gestao de Investimentos Ltda. owned about 0.24% of Clearwater Analytics as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of CWAN. Gabelli Funds LLC acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at approximately $7,916,000. Stephens Investment Management Group LLC grew its holdings in Clearwater Analytics by 18.6% during the fourth quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock worth $85,187,000 after acquiring an additional 553,218 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Clearwater Analytics during the fourth quarter worth $6,459,000. Ovata Capital Management Ltd purchased a new position in Clearwater Analytics in the fourth quarter worth $6,811,000. Finally, Bamco Inc. NY raised its position in Clearwater Analytics by 1.8% in the fourth quarter. Bamco Inc. NY now owns 7,816,447 shares of the company’s stock worth $188,533,000 after acquiring an additional 141,409 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, Director D Scott Mackesy sold 633,879 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Souvik Das sold 10,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the sale, the chief technology officer owned 180,109 shares in the company, valued at approximately $4,385,654.15. This trade represents a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 653,879 shares of company stock worth $15,890,160. 3.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CWAN. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.98.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $24.56 on Friday. The stock has a fifty day moving average price of $24.45 and a 200 day moving average price of $24.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The stock has a market cap of $7.33 billion, a PE ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $24.56.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The company had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. Clearwater Analytics’s revenue was up 74.4% compared to the same quarter last year. Sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.