Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Rangeley Capital LLC

Rangeley Capital LLC lowered its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 65.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,000 shares of the company’s stock after selling 52,000 shares during the quarter. Rangeley Capital LLC’s holdings in Clearwater Analytics were worth $662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP raised its stake in Clearwater Analytics by 108.7% during the 3rd quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after acquiring an additional 9,268,950 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Clearwater Analytics by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock valued at $330,827,000 after acquiring an additional 1,459,150 shares during the period. Starboard Value LP purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth $240,212,000. Wasatch Advisors LP grew its stake in shares of Clearwater Analytics by 3.0% during the 2nd quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after purchasing an additional 274,664 shares during the period. Finally, Morgan Stanley grew its stake in shares of Clearwater Analytics by 15.8% during the 4th quarter. Morgan Stanley now owns 7,855,686 shares of the company’s stock worth $189,479,000 after purchasing an additional 1,074,771 shares during the period. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $24.56 on Monday. The stock’s 50-day moving average is $24.45 and its two-hundred day moving average is $24.04. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $24.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a market cap of $7.33 billion, a PE ratio of -136.44, a P/E/G ratio of 3.37 and a beta of 0.60.

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

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the completion of the transaction, the chief technology officer owned 180,109 shares in the company, valued at approximately $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 at this link. Also, Director D Scott Mackesy sold 633,879 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 653,879 shares of company stock valued at $15,890,160 over the last three months. 3.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DA Davidson reiterated a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.98.

About Clearwater Analytics

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.