Credit Industriel ET Commercial Buys Shares of 311,432 Clearwater Analytics Holdings, Inc. $CWAN

Credit Industriel ET Commercial bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 311,432 shares of the company’s stock, valued at approximately $7,365,000. Clearwater Analytics makes up 0.6% of Credit Industriel ET Commercial’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after acquiring an additional 9,268,950 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Clearwater Analytics by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock worth $330,827,000 after acquiring an additional 1,459,150 shares during the period. Starboard Value LP bought a new stake in Clearwater Analytics in the 4th quarter valued at $240,212,000. Wasatch Advisors LP lifted its position 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 acquiring an additional 274,664 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Clearwater Analytics by 15.8% in the 4th quarter. Morgan Stanley now owns 7,855,686 shares of the company’s stock worth $189,479,000 after purchasing an additional 1,074,771 shares during the period. Institutional investors own 50.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.98.

Insider Activity at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $24.07, for a total value of $450,109.00. Following the completion of the transaction, the chief financial officer owned 480,419 shares of the company’s stock, valued at $11,563,685.33. This represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the sale, the chief technology officer owned 180,109 shares in the company, valued at $4,385,654.15. This represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 682,579 shares of company stock valued at $16,580,369 in the last quarter. Insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN opened at $24.56 on Tuesday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $24.56. The company’s fifty day simple moving average is $24.37 and its 200 day simple moving average is $23.95. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. The company has a market cap of $7.33 billion, a price-to-earnings ratio of -136.44, a PEG ratio of 3.37 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm’s quarterly revenue was up 74.4% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. On average, research analysts forecast 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.