Clearwater Analytics Holdings, Inc. $CWAN Holdings Boosted by Jennison Associates LLC

Key Points

• Jennison Associates LLC boosted its stake in Clearwater Analytics by 81.1% in Q4 to 1,501,384 shares, representing about 0.51% of the company and valued at roughly $36.21 million.
• Insider selling has been substantial: CEO Sandeep Sahai sold 233,813 shares and the CRO sold 74,530 on Feb 18, with insiders disposing of 780,842 shares in the past 90 days and now owning 3.31% of the company.
• Analyst consensus is a Hold with an average target price of $26.17 after multiple downgrades and target cuts from firms including Wells Fargo and RBC.

Jennison Associates LLC raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 81.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,501,384 shares of the company's stock after purchasing an additional 672,506 shares during the quarter. Jennison Associates LLC owned about 0.51% of Clearwater Analytics worth $36,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of Clearwater Analytics by 643.3% during the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company's stock valued at $37,000 after acquiring an additional 1,338 shares during the period. Versant Capital Management Inc boosted 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 worth $28,000 after buying an additional 1,024 shares in the last quarter. GAMMA Investing LLC boosted its stake in Clearwater Analytics by 241.6% in the 4th quarter. GAMMA Investing LLC now owns 1,578 shares of the company's stock worth $38,000 after purchasing an additional 1,116 shares during the period. Essex Investment Management Co. LLC boosted its stake 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 during the period. Finally, Danske Bank A S acquired a new stake in shares of Clearwater Analytics during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Trading Up 0.2%

Shares of NYSE CWAN opened at $24.26 on Friday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $25.07. The company has a market cap of $7.17 billion, a PE ratio of -173.24, a P/E/G ratio of 3.39 and a beta of 0.61. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $23.68 and a two-hundred day moving average of $22.43.

Analysts Set New Price Targets

CWAN has been the topic of a number of recent research reports. Wells Fargo & Company downgraded shares of Clearwater Analytics from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $27.00 to $24.55 in a report on Thursday, January 8th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. DA Davidson restated a "neutral" rating and set a $24.55 price objective on shares of Clearwater Analytics in a report on Thursday, February 19th. Jefferies Financial Group lowered shares of Clearwater Analytics to a "hold" rating in a research report on Friday, January 16th. Finally, Weiss Ratings lowered shares of Clearwater Analytics from a "hold (c)" rating to a "sell (d+)" rating in a research report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.17.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 233,813 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 1,357,138 shares of the company's stock, valued at approximately $31,811,314.72. The trade was a 14.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 74,530 shares of the business's stock in a transaction that occurred on 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 sale, the executive directly owned 138,630 shares of the company's stock, valued at approximately $3,249,487.20. This trade represents a 34.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 780,842 shares of company stock valued at $18,358,880. Insiders own 3.31% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.