Paradiem LLC Makes New $800,000 Investment in Clearwater Analytics Holdings, Inc. $CWAN

Paradiem LLC purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,390 shares of the company’s stock, valued at approximately $800,000.

Several other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its position in Clearwater Analytics by 278.9% during 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. lifted its holdings in shares of Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares in the last quarter. Quarry LP boosted its position in shares of Clearwater Analytics by 979.4% in the first quarter. Quarry LP now owns 2,094 shares of the company’s stock worth $56,000 after buying an additional 1,900 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Clearwater Analytics by 36.7% during the second 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 raised its position in Clearwater Analytics by 12.6% during the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock valued at $100,000 after buying an additional 619 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 7,425 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $22.00, for a total transaction of $163,350.00. Following the transaction, the chief financial officer directly owned 328,983 shares of the company’s stock, valued at $7,237,626. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Scott Stanley Erickson sold 4,505 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $79,648.40. Following the transaction, the executive owned 19,552 shares in the company, valued at approximately $345,679.36. This trade represents a 18.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 120,727 shares of company stock valued at $2,402,598. Company insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CWAN. Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Wells Fargo & Company reduced their price target on shares of Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. UBS Group dropped their price objective on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, DA Davidson reissued a “buy” rating and set a $30.00 target price on shares of Clearwater Analytics in a research note on Wednesday, December 10th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and an average price target of $28.65.

Clearwater Analytics Trading Down 0.2%

NYSE:CWAN opened at $24.14 on Friday. The company has a market capitalization of $7.06 billion, a P/E ratio of 15.77, a P/E/G ratio of 6.35 and a beta of 0.67. The stock’s 50 day moving average price is $20.48 and its 200 day moving average price is $20.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $32.00.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The business had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s revenue was up 77.1% on a year-over-year basis. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Clearwater Analytics declared that its Board of Directors has approved a stock repurchase plan on Wednesday, September 3rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.