California Public Employees Retirement System Cuts Stock Holdings in Clearwater Analytics Holdings, Inc. $CWAN

California Public Employees Retirement System lowered its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,333 shares of the company’s stock after selling 22,132 shares during the period. California Public Employees Retirement System owned approximately 0.12% of Clearwater Analytics worth $8,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CWAN. AQR Capital Management LLC increased its holdings in shares of Clearwater Analytics by 1,027.1% in the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock worth $3,560,000 after purchasing an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Clearwater Analytics during the first quarter valued at $208,000. Woodline Partners LP boosted its position in shares of Clearwater Analytics by 75.2% during the first quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after buying an additional 8,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Clearwater Analytics by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock worth $12,309,000 after buying an additional 6,826 shares in the last quarter. Finally, M&T Bank Corp raised its position in Clearwater Analytics by 51.8% in the 2nd quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock worth $289,000 after buying an additional 4,492 shares during the last quarter. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Price Performance

CWAN opened at $24.56 on Friday. The firm’s 50 day simple moving average is $24.45 and its two-hundred day simple moving average is $24.04. The company has a market capitalization of $7.33 billion, a PE ratio of -136.44, a PEG 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. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.16 EPS for the quarter, hitting 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 firm had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. During the same period in the prior year, the business posted $0.13 EPS. Clearwater Analytics’s revenue was up 74.4% on a year-over-year basis. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Insider Activity

In other Clearwater Analytics news, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $24.30, for a total value of $15,403,259.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the transaction, the chief technology officer directly owned 180,109 shares in the company, valued at approximately $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 653,879 shares of company stock valued at $15,890,160 in the last three months. 3.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CWAN has been the topic of several research analyst reports. DA Davidson restated a “neutral” rating and set a $24.55 target price 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 research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Clearwater Analytics presently has a consensus rating of “Hold” and an average price target of $24.98.

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.