GABELLI & Co INVESTMENT ADVISERS INC. Acquires New Stake in Clearwater Analytics Holdings, Inc. $CWAN

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, Holdings Channel reports. The fund purchased 267,800 shares of the company’s stock, valued at approximately $6,459,000. Clearwater Analytics comprises about 1.0% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 27th biggest holding.

A number of other institutional investors have also bought and sold shares of the company. Cim LLC boosted its position in Clearwater Analytics by 0.8% during the third quarter. Cim LLC now owns 66,184 shares of the company’s stock valued at $1,193,000 after acquiring an additional 557 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after acquiring an additional 640 shares during the last quarter. Versant Capital Management Inc boosted its position in Clearwater Analytics by 189.3% during the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after acquiring an additional 1,024 shares during the last quarter. GAMMA Investing LLC boosted its position in Clearwater Analytics by 241.6% during the fourth quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock valued at $38,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Clearwater Analytics by 109.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,269 shares of the company’s stock valued at $55,000 after acquiring an additional 1,184 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

CWAN stock opened at $24.35 on Monday. The stock has a market capitalization of $7.27 billion, a PE ratio of -135.24, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61. The company’s 50-day moving average is $23.84 and its 200-day moving average is $22.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $25.07.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The company 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 business’s revenue was up 74.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.35 EPS for the current fiscal year.

Insider Activity at Clearwater Analytics

In other news, CTO Souvik Das sold 88,848 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $2,082,597.12. Following the transaction, the chief technology officer owned 207,132 shares of the company’s stock, valued at $4,855,174.08. This represents a 30.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 74,530 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $1,746,983.20. Following the transaction, the executive directly owned 138,630 shares in the company, valued at $3,249,487.20. This trade represents a 34.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 780,842 shares of company stock worth $18,363,380. 3.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. 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 report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Weiss Ratings cut shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research report on Thursday, February 19th. Finally, UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.17.

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.