Clearwater Analytics Holdings, Inc. $CWAN Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 1,016.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 156,894 shares of the company’s stock after buying an additional 142,838 shares during the period. Fifth Third Bancorp owned approximately 0.05% of Clearwater Analytics worth $3,711,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have issued reports on CWAN. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.98.

Insiders Place Their Bets

In other Clearwater Analytics news, Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $24.35, for a total transaction of $243,500.00. Following the transaction, the chief technology officer directly owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 653,879 shares of company stock valued at $15,890,160. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $24.56 on Monday. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $24.56. 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 business’s 50-day simple moving average is $24.43 and its 200 day simple moving average is $24.02.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates 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 quarter last year, the firm earned $0.13 EPS. Clearwater Analytics’s quarterly revenue was up 74.4% on a year-over-year basis. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.