Conestoga Capital Advisors LLC Lowers Stock Position in Clearwater Analytics Holdings, Inc. $CWAN

by · The Markets Daily

Conestoga Capital Advisors LLC cut its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report) by 89.6% in the first quarter, HoldingsChannel reports. The fund owned 633,523 shares of the company’s stock after selling 5,464,248 shares during the period. Conestoga Capital Advisors LLC’s holdings in Clearwater Analytics were worth $14,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWAN. 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 worth $320,642,000 after acquiring an additional 9,268,950 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 worth $330,827,000 after purchasing an additional 1,459,150 shares during the period. Starboard Value LP bought a new position in shares of Clearwater Analytics in the fourth quarter worth approximately $240,212,000. Wasatch Advisors LP increased its stake in shares of Clearwater Analytics by 3.0% in the second 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 in the last quarter. Finally, Morgan Stanley increased its stake in shares of Clearwater Analytics by 15.8% in the fourth 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 in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the sale, the chief technology officer directly owned 180,109 shares in the company, valued at approximately $4,385,654.15. The trade was a 5.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director D Scott Mackesy sold 633,879 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $24.30, for a total transaction of $15,403,259.70. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 682,579 shares of company stock valued at $16,580,369. Corporate insiders own 3.31% of the company’s stock.

Analysts Set New Price Targets

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

Get Our Latest Analysis on Clearwater Analytics

Clearwater Analytics Price Performance

NYSE CWAN opened at $24.56 on Thursday. The stock’s 50 day moving average is $24.34 and its 200 day moving average is $23.88. 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 Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $24.56. 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 – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) 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 firm had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 74.4% compared to the same quarter last year. Research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Clearwater Analytics Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CWAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Free Report).