Comerica Bank Raises Position in Clearwater Analytics Holdings, Inc. $CWAN

Key Points

• Comerica Bank increased its stake in Clearwater Analytics by 19.4% in Q4 to 731,343 shares (about $17.64M), representing roughly 0.25% of the company.
• Multiple analysts have cut ratings and price targets (UBS, Wells Fargo, Jefferies, Weiss), leaving a consensus "Hold" rating with an average price target of $26.17 (many targets trimmed to ~$24.55).
• Insiders have been net sellers recently—including CFO James S. Cox—totaling 780,842 shares sold (~$18.36M) over the last 90 days; insiders now own about 3.31% of the stock.

Comerica Bank grew its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 731,343 shares of the company's stock after purchasing an additional 118,808 shares during the period. Comerica Bank owned approximately 0.25% of Clearwater Analytics worth $17,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CWAN. Wellington Management Group LLP lifted its holdings in shares of Clearwater Analytics by 108.7% during the 3rd quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company's stock valued at $320,642,000 after purchasing an additional 9,268,950 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company's stock valued at $599,370,000 after purchasing an additional 5,967,798 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Clearwater Analytics by 83.5% during the 3rd quarter. Blair William & Co. IL now owns 7,134,647 shares of the company's stock valued at $128,566,000 after purchasing an additional 3,245,986 shares during the last quarter. UBS Group AG lifted its holdings in shares of Clearwater Analytics by 249.3% during the 3rd quarter. UBS Group AG now owns 4,297,683 shares of the company's stock valued at $77,444,000 after purchasing an additional 3,067,164 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Clearwater Analytics during the 3rd quarter valued at $44,884,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group lowered Clearwater Analytics from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $30.00 to $24.55 in a report on Monday, January 26th. Weiss Ratings lowered Clearwater Analytics from a "hold (c)" rating to a "sell (d+)" rating in a report on Monday, February 23rd. Wells Fargo & Company lowered Clearwater Analytics from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $27.00 to $24.55 in a report on Thursday, January 8th. Jefferies Financial Group downgraded Clearwater Analytics to a "hold" rating in a research report on Friday, January 16th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $26.17.

Clearwater Analytics Price Performance

NYSE CWAN opened at $24.15 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83. The stock's fifty day moving average price is $23.61 and its 200 day moving average price is $22.36. 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 $7.13 billion, a price-to-earnings ratio of -172.45, a PEG ratio of 3.39 and a beta of 0.64.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 93,930 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $2,201,719.20. Following the transaction, the chief financial officer directly owned 474,114 shares of the company's stock, valued at $11,113,232.16. This represents a 16.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Subi Sethi sold 76,689 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $1,797,590.16. Following the completion of the transaction, the insider directly owned 365,490 shares in the company, valued at approximately $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 780,842 shares of company stock worth $18,358,880 over the last 90 days. Insiders own 3.31% of the company's stock.

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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