Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lowered its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 9.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,097,771 shares of the company’s stock after selling 613,133 shares during the quarter. Clearwater Analytics comprises about 2.5% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 16th largest position. Conestoga Capital Advisors LLC’s holdings in Clearwater Analytics were worth $147,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its stake in Clearwater Analytics by 1.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 141,586 shares of the company’s stock valued at $3,415,000 after buying an additional 2,441 shares in the last quarter. Jennison Associates LLC lifted its stake in Clearwater Analytics by 81.1% during the fourth quarter. Jennison Associates LLC now owns 1,501,384 shares of the company’s stock worth $36,213,000 after purchasing an additional 672,506 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in Clearwater Analytics during the fourth quarter worth $307,000. Keybank National Association OH lifted its stake in Clearwater Analytics by 4.1% during the fourth quarter. Keybank National Association OH now owns 35,270 shares of the company’s stock worth $851,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Comerica Bank lifted its stake in Clearwater Analytics by 19.4% during the fourth quarter. Comerica Bank now owns 731,343 shares of the company’s stock worth $17,640,000 after purchasing an additional 118,808 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 51,967 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $1,236,814.60. Following the sale, the chief executive officer directly owned 1,415,619 shares in the company, valued at approximately $33,691,732.20. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Souvik Das sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $24.01, for a total value of $240,100.00. Following the completion of the transaction, the chief technology officer directly owned 200,109 shares of the company’s stock, valued at $4,804,617.09. This trade represents a 4.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 780,842 shares of company stock valued at $18,358,880 in the last three months. 3.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on CWAN shares. Royal Bank Of Canada restated a “sector perform” rating and set a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Wells Fargo & Company cut Clearwater Analytics from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $27.00 to $24.55 in a research note on Thursday, January 8th. Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings cut Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Finally, DA Davidson restated a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.17.

Clearwater Analytics Stock Performance

CWAN stock opened at $24.20 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of -172.81, a PEG ratio of 3.38 and a beta of 0.64. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $25.07. The stock’s fifty day moving average is $23.68 and its two-hundred day moving average is $22.43.

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.