Renaissance Group LLC Cuts Stock Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Renaissance Group LLC decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 6.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 417,761 shares of the company’s stock after selling 28,528 shares during the period. Renaissance Group LLC’s holdings in Clearwater Analytics were worth $10,076,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Clearwater Analytics by 211.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 720 shares during the period. Los Angeles Capital Management LLC purchased a new position in Clearwater Analytics during the fourth quarter valued at $26,000. Essex Investment Management Co. LLC grew its position in shares of Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after purchasing an additional 640 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Clearwater Analytics during the third quarter worth about $36,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Trading Down 0.1%

Shares of CWAN opened at $24.33 on Thursday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $24.42. The firm has a market capitalization of $7.26 billion, a P/E ratio of -135.16, a P/E/G ratio of 3.34 and a beta of 0.60. The firm has a 50-day moving average price of $24.20 and a 200 day moving average price of $23.59. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39.

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

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 51,967 shares of Clearwater Analytics 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 owned 1,415,619 shares in the company, valued at $33,691,732.20. The trade was a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total value of $450,109.00. Following the transaction, the chief financial officer owned 480,419 shares of the company’s stock, valued at approximately $11,563,685.33. This represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 194,332 shares of company stock valued at $4,634,362 over the last 90 days. Corporate insiders own 3.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CWAN shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. DA Davidson reiterated a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Hold” and a consensus price target of $25.19.

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.