Clearwater Analytics Holdings, Inc. $CWAN Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 839,499 shares of the company’s stock after purchasing an additional 132,569 shares during the period. Congress Asset Management Co. owned approximately 0.29% of Clearwater Analytics worth $20,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CWAN. Versant Capital Management Inc lifted its position in Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after buying an additional 1,024 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Clearwater Analytics by 241.6% during the fourth quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock valued at $38,000 after acquiring an additional 1,116 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Clearwater Analytics by 54.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after acquiring an additional 640 shares during the period. Danske Bank A S purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $36,000. Finally, FNY Investment Advisers LLC raised its position in Clearwater Analytics by 409.9% in the third quarter. FNY Investment Advisers LLC now owns 3,411 shares of the company’s stock valued at $61,000 after purchasing an additional 2,742 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $23.22 on Wednesday. The company has a market cap of $6.86 billion, a PE ratio of -165.81, a P/E/G ratio of 3.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $27.76. The stock has a fifty day moving average price of $23.62 and a 200 day moving average price of $21.47.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 93,930 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $2,201,719.20. Following the sale, the chief financial officer owned 474,114 shares of the company’s stock, valued at approximately $11,113,232.16. The trade was a 16.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sandeep Sahai sold 233,813 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $5,480,576.72. Following the transaction, the chief executive officer owned 1,357,138 shares in the company, valued at $31,811,314.72. The trade was a 14.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,002,699 shares of company stock valued at $23,741,841. Insiders own 3.31% of the company’s stock.

Wall Street Analyst Weigh In

CWAN has been the subject of several research analyst reports. Wells Fargo & Company lowered Clearwater Analytics from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $27.00 to $24.55 in a research report on Thursday, January 8th. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Finally, Warburg Research set a $24.55 price target on shares of Clearwater Analytics in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.17.

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.