Clearwater Analytics Holdings, Inc. $CWAN Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management lifted its stake in Clearwater Analytics by 46.4% in Q2, buying an additional 49,845 shares to hold 157,281 shares (about $3.45 million, or ~0.06% of the company).
• The company's Board authorized a $100 million share repurchase plan (up to ~1.7% of outstanding shares), a move typically signaling management believes the stock is undervalued.
• Shares trade around $20.87 (up ~4.5%) with a market cap of $6.11 billion; analysts have a consensus rating of "Moderate Buy" and an average target of $30.56, though several firms have recently lowered price targets.

Intech Investment Management LLC lifted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 46.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,281 shares of the company's stock after purchasing an additional 49,845 shares during the quarter. Intech Investment Management LLC owned 0.06% of Clearwater Analytics worth $3,449,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its position in Clearwater Analytics by 278.9% during the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company's stock valued at $33,000 after buying an additional 1,121 shares during the period. Bessemer Group Inc. boosted its stake in shares of Clearwater Analytics by 84.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company's stock worth $35,000 after acquiring an additional 708 shares in the last quarter. Nvwm LLC acquired a new stake in shares of Clearwater Analytics during the 1st quarter valued at about $46,000. Quarry LP increased its stake in shares of Clearwater Analytics by 979.4% in the 1st quarter. Quarry LP now owns 2,094 shares of the company's stock valued at $56,000 after purchasing an additional 1,900 shares in the last quarter. Finally, CWM LLC raised its holdings in Clearwater Analytics by 714.6% in the 1st quarter. CWM LLC now owns 3,071 shares of the company's stock worth $82,000 after purchasing an additional 2,694 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Stock Up 4.5%

Shares of NYSE CWAN opened at $20.87 on Wednesday. The stock has a market cap of $6.11 billion, a PE ratio of 13.64, a P/E/G ratio of 5.26 and a beta of 0.69. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.71. The company has a 50-day moving average of $18.42 and a 200 day moving average of $20.54.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The company's revenue for the quarter was up 77.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Clearwater Analytics announced that its Board of Directors has initiated a share repurchase plan on Wednesday, September 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 1.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Clearwater Analytics

In other news, insider Subi Sethi sold 7,434 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $131,433.12. Following the completion of the sale, the insider owned 226,980 shares of the company's stock, valued at $4,013,006.40. This represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO James S. Cox sold 11,275 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $17.98, for a total value of $202,724.50. Following the completion of the transaction, the chief financial officer owned 338,983 shares of the company's stock, valued at $6,094,914.34. The trade was a 3.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 119,289 shares of company stock valued at $2,276,533 over the last ninety days. Corporate insiders own 3.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CWAN. DA Davidson reissued a "buy" rating and issued a $30.00 price objective on shares of Clearwater Analytics in a report on Tuesday. Weiss Ratings reiterated a "hold (c)" rating on shares of Clearwater Analytics in a research report on Thursday, November 13th. UBS Group dropped their price target on shares of Clearwater Analytics from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. cut their price target on shares of Clearwater Analytics from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, November 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Clearwater Analytics from $32.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Clearwater Analytics has an average rating of "Moderate Buy" and a consensus target price of $30.56.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.

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