Clearwater Analytics Holdings, Inc. $CWAN Stock Position Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,639,265 shares of the company’s stock after acquiring an additional 273,614 shares during the period. New York State Common Retirement Fund owned approximately 0.58% of Clearwater Analytics worth $35,949,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CWAN. First Horizon Advisors Inc. grew its stake in shares of Clearwater Analytics by 278.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after purchasing an additional 1,121 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Clearwater Analytics by 84.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after acquiring an additional 708 shares in the last quarter. Quarry LP lifted its holdings in shares of Clearwater Analytics by 979.4% in the first quarter. Quarry LP now owns 2,094 shares of the company’s stock valued at $56,000 after purchasing an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Clearwater Analytics by 36.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock worth $94,000 after acquiring an additional 1,151 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in shares of Clearwater Analytics in the second quarter worth approximately $108,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWAN has been the subject of several recent research reports. The Goldman Sachs Group upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, August 11th. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of Clearwater Analytics in a research note on Tuesday, November 18th. UBS Group reduced their price target on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. decreased their target price 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. Finally, Wells Fargo & Company reduced their price target on shares of Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Clearwater Analytics has a consensus rating of “Moderate Buy” and an average target price of $29.56.

Insider Activity

In other Clearwater Analytics news, CEO Sandeep Sahai sold 16,592 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $293,346.56. Following the completion of the transaction, the chief executive officer owned 913,600 shares of the company’s stock, valued at $16,152,448. This represents a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Souvik Das sold 5,327 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $94,181.36. Following the transaction, the chief technology officer owned 136,066 shares of the company’s stock, valued at approximately $2,405,646.88. This represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 113,302 shares of company stock worth $2,207,626. Corporate insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $22.06 on Monday. The stock has a 50-day moving average price of $18.77 and a 200 day moving average price of $20.43. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 5.81 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $32.00. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $205.11 million during the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business’s revenue for the quarter was up 77.1% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Clearwater Analytics declared that its Board of Directors has authorized a share buyback program on Wednesday, September 3rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Clearwater Analytics Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.