Magnetar Financial LLC Buys 73,171 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Magnetar Financial LLC lifted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 493.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 87,990 shares of the company’s stock after purchasing an additional 73,171 shares during the quarter. Magnetar Financial LLC’s holdings in Clearwater Analytics were worth $1,586,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CWAN. Hilltop National Bank boosted its holdings in shares of Clearwater Analytics by 12.6% during the 3rd quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock valued at $100,000 after acquiring an additional 619 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in Clearwater Analytics by 54.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after purchasing an additional 640 shares in the last quarter. Versant Capital Management Inc raised its position in Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares during the last quarter. Covestor Ltd boosted its stake in shares of Clearwater Analytics by 39.4% during the third quarter. Covestor Ltd now owns 6,111 shares of the company’s stock valued at $110,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its stake in shares of Clearwater Analytics by 6.9% during the third quarter. Alliance Wealth Advisors LLC UT now owns 31,091 shares of the company’s stock valued at $560,000 after purchasing an additional 2,008 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 233,813 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $5,480,576.72. Following the transaction, the chief executive officer owned 1,357,138 shares in the company, valued at $31,811,314.72. The trade was a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 93,930 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $2,201,719.20. Following the sale, the chief financial officer directly owned 474,114 shares in the company, valued at $11,113,232.16. This trade represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,002,699 shares of company stock worth $23,710,318. Corporate insiders own 3.31% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $23.17 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. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $27.76. The company has a 50 day simple moving average of $23.74 and a two-hundred day simple moving average of $21.29. The company has a market capitalization of $6.84 billion, a PE ratio of -165.45, a P/E/G ratio of 3.23 and a beta of 0.67.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CWAN. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research note on Thursday, February 19th. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Clearwater Analytics has a consensus rating of “Hold” and an average price target of $26.17.

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.