Clearwater Analytics Holdings, Inc. $CWAN Shares Purchased by Hillsdale Investment Management Inc.

Key Points

• Hillsdale Investment Management raised its Clearwater Analytics stake 28% to 190,950 shares (about $4.19M); JPMorgan now holds 5.77M shares (~$126.6M) and institutional investors own roughly 50.1% of the stock.
• Analysts give CWAN an average rating of "Moderate Buy" with an average price target of $30.56, although several firms (UBS, Wells Fargo, JPMorgan) recently lowered targets to the $26–$30 range.
• Insiders have sold 83,602 shares in the past 90 days (including CEO Sandeep Sahai selling 16,592 shares at $17.68), while the Board approved a $100M share buyback (~1.7% of shares), creating mixed signals on valuation and confidence.

Hillsdale Investment Management Inc. increased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 28.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,950 shares of the company's stock after purchasing an additional 41,800 shares during the period. Hillsdale Investment Management Inc. owned 0.07% of Clearwater Analytics worth $4,188,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Clearwater Analytics by 6.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,774,285 shares of the company's stock worth $126,630,000 after purchasing an additional 363,720 shares during the last quarter. Magnetar Financial LLC grew its holdings in Clearwater Analytics by 10.4% in the 2nd quarter. Magnetar Financial LLC now owns 14,819 shares of the company's stock worth $325,000 after buying an additional 1,393 shares in the last quarter. Swiss National Bank grew its holdings in Clearwater Analytics by 8.2% in the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company's stock worth $9,825,000 after buying an additional 33,896 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Clearwater Analytics by 50.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 56,500 shares of the company's stock worth $1,239,000 after buying an additional 18,900 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in Clearwater Analytics by 59.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 65,510 shares of the company's stock valued at $1,437,000 after acquiring an additional 24,364 shares during the period. 50.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CWAN has been the subject of several recent analyst reports. UBS Group decreased their price target on Clearwater Analytics from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Clearwater Analytics in a research note on Wednesday, September 17th. DA Davidson reiterated a "buy" rating and set a $30.00 price objective on shares of Clearwater Analytics in a research note on Tuesday. Wells Fargo & Company decreased their price target on Clearwater Analytics from $32.00 to $27.00 and set an "overweight" rating for the company in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their price objective on Clearwater Analytics from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Clearwater Analytics presently has an average rating of "Moderate Buy" and an average price target of $30.56.

Insider Activity

In other news, CEO Sandeep Sahai sold 16,592 shares of the firm's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total value of $293,346.56. Following the completion of the sale, the chief executive officer owned 913,600 shares of the company's stock, valued at $16,152,448. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Scott Stanley Erickson sold 4,505 shares of the firm's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total value of $79,648.40. Following the sale, the executive owned 19,552 shares of the company's stock, valued at $345,679.36. The trade was a 18.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 83,602 shares of company stock worth $1,554,226. 3.31% of the stock is owned by corporate insiders.

Clearwater Analytics Stock Performance

CWAN opened at $21.55 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.31 billion, a PE ratio of 14.09, a P/E/G ratio of 5.46 and a beta of 0.69. The business has a fifty day simple moving average of $18.49 and a 200-day simple moving average of $20.53. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $32.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.14 EPS 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 analysts' expectations of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The company's revenue for the quarter was up 77.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities 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 authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 1.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

About Clearwater Analytics

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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