Brown Brothers Harriman & Co. Buys New Position in Clearwater Analytics Holdings, Inc. $CWAN

Key Points

• Brown Brothers Harriman & Co. established a new position of 2,490,801 shares in Clearwater Analytics during Q3, valued at about $44.88 million and representing roughly 0.85% of the company.
• Significant insider selling occurred recently—CFO James S. Cox sold 93,930 shares and Subi Sethi sold 76,689 shares—with insiders offloading a total of 1,002,699 shares (~$23.71 million) in the last 90 days and now owning 3.31% of the stock.
• Wall Street consensus is an average rating of "Hold" with a $26.17 target after multiple downgrades; Clearwater trades around $23 and has a market cap near $6.85 billion with a negative P/E.

Brown Brothers Harriman & Co. acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,490,801 shares of the company's stock, valued at approximately $44,884,000. Brown Brothers Harriman & Co. owned about 0.85% of Clearwater Analytics at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CWAN. Versant Capital Management Inc grew its holdings 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 purchasing an additional 1,024 shares during the period. Essex Investment Management Co. LLC lifted its position in shares of Clearwater Analytics by 54.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company's stock valued at $33,000 after buying an additional 640 shares during the last quarter. Parallel Advisors LLC bought a new position in Clearwater Analytics during the third quarter worth about $95,000. Hilltop National Bank grew its stake in Clearwater Analytics by 12.6% in the 3rd quarter. Hilltop National Bank now owns 5,533 shares of the company's stock valued at $100,000 after buying an additional 619 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Clearwater Analytics by 39.4% during the 3rd quarter. Covestor Ltd now owns 6,111 shares of the company's stock valued at $110,000 after acquiring an additional 1,728 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insiders Place Their Bets

In related news, CFO James S. Cox sold 93,930 shares of the stock in a transaction on Wednesday, February 18th. The stock was 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 of the company's stock, valued at $11,113,232.16. This trade represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Subi Sethi sold 76,689 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $1,797,590.16. Following the transaction, the insider directly owned 365,490 shares of the company's stock, valued at $8,567,085.60. The trade was a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,002,699 shares of company stock valued at $23,710,318 over the last ninety days. 3.31% of the stock is owned by corporate insiders.

Clearwater Analytics Trading Up 0.1%

NYSE:CWAN opened at $23.17 on Friday. The company has a fifty day moving average of $23.72 and a 200 day moving average of $21.31. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $27.76. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6.85 billion, a P/E ratio of -165.50, a P/E/G ratio of 3.22 and a beta of 0.67.

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and issued a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. DA Davidson reiterated a "neutral" rating and set a $24.55 price objective on shares of Clearwater Analytics in a research note on Thursday, February 19th. UBS Group cut Clearwater Analytics from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Jefferies Financial Group lowered Clearwater Analytics to a "hold" rating in a research note on Friday, January 16th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Clearwater Analytics 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.

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