Vanguard Group Inc. Purchases 5,967,798 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Vanguard Group Inc. grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 21.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,261,349 shares of the company’s stock after purchasing an additional 5,967,798 shares during the quarter. Vanguard Group Inc. owned about 11.37% of Clearwater Analytics worth $599,370,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CWAN. Wasatch Advisors LP grew its holdings in Clearwater Analytics by 3.0% in the 2nd quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after buying an additional 274,664 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Clearwater Analytics by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 6,853,859 shares of the company’s stock valued at $123,507,000 after acquiring an additional 1,079,574 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Clearwater Analytics by 0.3% in the third quarter. Conestoga Capital Advisors LLC now owns 6,710,904 shares of the company’s stock worth $120,930,000 after acquiring an additional 20,257 shares during the last quarter. Bamco Inc. NY increased its position in Clearwater Analytics by 12.3% during the second quarter. Bamco Inc. NY now owns 6,094,715 shares of the company’s stock worth $133,657,000 after acquiring an additional 665,823 shares during the period. Finally, Geode Capital Management LLC raised its stake in Clearwater Analytics by 22.7% during the 2nd quarter. Geode Capital Management LLC now owns 5,737,241 shares of the company’s stock valued at $125,833,000 after purchasing an additional 1,060,435 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 93,930 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $2,201,719.20. Following the sale, the chief financial officer directly owned 474,114 shares of the company’s stock, valued at approximately $11,113,232.16. This represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sandeep Sahai sold 233,813 shares of the firm’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 transaction of $5,480,576.72. Following the sale, the chief executive officer directly owned 1,357,138 shares of the company’s stock, valued at approximately $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. Insiders have sold 1,002,699 shares of company stock worth $23,692,518 in the last quarter. 3.31% of the stock is owned by corporate insiders.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $23.20 on Wednesday. The stock’s fifty day simple moving average is $23.78 and its 200 day simple moving average is $20.99. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $31.54. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of -165.72, a P/E/G ratio of 3.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Morgan Stanley reissued an “equal weight” rating and set a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Weiss Ratings lowered Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Wells Fargo & Company downgraded shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $24.55 in a research note on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.21.

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.