Janus Henderson Group PLC Sells 2,163,796 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Janus Henderson Group PLC reduced its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 62.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,318,897 shares of the company’s stock after selling 2,163,796 shares during the period. Janus Henderson Group PLC’s holdings in Clearwater Analytics were worth $31,185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CWAN. Gabelli Funds LLC bought a new stake in Clearwater Analytics during the fourth quarter worth about $7,916,000. Stephens Investment Management Group LLC increased its holdings in Clearwater Analytics by 18.6% in the 4th 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 during the period. Ovata Capital Management Ltd bought a new position in Clearwater Analytics in the 4th quarter valued at about $6,811,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $6,459,000. Finally, Bamco Inc. NY lifted 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 worth $188,533,000 after acquiring an additional 141,409 shares during the period. Institutional investors own 50.10% of the company’s stock.

Insider Activity at Clearwater Analytics

In related news, CTO Souvik Das sold 10,000 shares of the company’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 transaction, the chief technology officer directly owned 180,109 shares in the company, valued at $4,385,654.15. This represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director D Scott Mackesy sold 633,879 shares of the stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Insiders have sold a total of 653,879 shares of company stock worth $15,890,160 over the last ninety days. 3.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on CWAN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. DA Davidson restated a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Two equities research 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.com, Clearwater Analytics currently has a consensus rating of “Hold” and an average price target of $24.98.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $24.56 on Monday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $24.56. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. The stock’s 50-day simple moving average is $24.47 and its 200 day simple moving average is $24.05. The firm has a market capitalization of $7.33 billion, a PE ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The business’s quarterly revenue was up 74.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Clearwater Analytics Company 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.