Clearwater Analytics Holdings, Inc. $CWAN Shares Bought by Principal Financial Group Inc.

Key Points

• Principal Financial Group increased its stake in Clearwater Analytics (NYSE:CWAN) by 6.4% in Q4, adding 152,036 shares to hold 2,532,274 shares worth about $61.08 million (roughly 0.87% ownership).
• Several research firms (including Wells Fargo, UBS and Morgan Stanley) have cut ratings and price targets on CWAN, and the consensus rating is a Hold with a $26.17 target price.
• Insiders have been net sellers recently — the CFO and CTO executed disclosed sales and insiders sold 780,842 shares worth $18.36 million in the last quarter, leaving insiders with about 3.31% ownership.

Principal Financial Group Inc. boosted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,532,274 shares of the company's stock after acquiring an additional 152,036 shares during the quarter. Principal Financial Group Inc. owned about 0.87% of Clearwater Analytics worth $61,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CWAN. Cim LLC boosted its stake in shares of Clearwater Analytics by 0.8% in the third quarter. Cim LLC now owns 66,184 shares of the company's stock valued at $1,193,000 after buying an additional 557 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company's stock valued at $33,000 after acquiring an additional 640 shares during the period. Versant Capital Management Inc lifted its holdings in Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company's stock valued at $28,000 after acquiring an additional 1,024 shares during the period. GAMMA Investing LLC boosted its position in shares of Clearwater Analytics by 241.6% during 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Clearwater Analytics by 109.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,269 shares of the company's stock worth $55,000 after purchasing an additional 1,184 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWAN has been the subject of several research analyst reports. Wells Fargo & Company downgraded Clearwater Analytics from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $27.00 to $24.55 in a research note on Thursday, January 8th. UBS Group cut Clearwater Analytics from a "buy" rating to a "neutral" rating and dropped their price target for the company from $30.00 to $24.55 in a research report on Monday, January 26th. 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. Morgan Stanley reissued an "equal weight" rating and issued a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Finally, DA Davidson restated a "neutral" rating and set a $24.55 target price on shares of Clearwater Analytics in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $26.17.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total value of $450,109.00. Following the transaction, the chief financial officer directly owned 480,419 shares of the company's stock, valued at $11,563,685.33. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Souvik Das sold 10,000 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $24.01, for a total value of $240,100.00. Following the completion of the sale, the chief technology officer owned 200,109 shares of the company's stock, valued at approximately $4,804,617.09. This trade represents a 4.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 780,842 shares of company stock worth $18,358,880 in the last quarter. 3.31% of the stock is owned by corporate insiders.

Clearwater Analytics Stock Up 0.1%

CWAN opened at $24.31 on Friday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $25.07. The firm has a 50 day moving average price of $23.74 and a 200 day moving average price of $22.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market cap of $7.18 billion, a PE ratio of -173.59, a price-to-earnings-growth ratio of 3.40 and a beta of 0.61.

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.

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