TFJ Management LLC Takes Position in Clearwater Analytics Holdings, Inc. $CWAN

Key Points

• TFJ Management LLC opened a new position in Clearwater Analytics (NYSE:CWAN), buying 357,043 shares worth about $6.43 million — roughly 4.3% of TFJ’s holdings and about 0.12% of Clearwater, making it TFJ’s 10th-largest position.
• Company insiders sold a total of 1,002,699 shares last quarter valued at approximately $23.71 million (notably Subi Sethi and CTO Souvik Das), leaving insiders with about 3.31% ownership.
• Analyst sentiment is muted: the consensus rating is Hold with an average price target of $26.17, while CWAN trades near $23.17 and has a market cap of about $6.85 billion.

TFJ Management LLC bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 357,043 shares of the company's stock, valued at approximately $6,434,000. Clearwater Analytics accounts for approximately 4.3% of TFJ Management LLC's holdings, making the stock its 10th biggest position. TFJ Management LLC owned approximately 0.12% of Clearwater Analytics as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in Clearwater Analytics by 189.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company's stock worth $28,000 after acquiring an additional 1,024 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company's stock valued at $33,000 after purchasing an additional 640 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Clearwater Analytics in the third quarter valued at about $95,000. Hilltop National Bank increased its stake in shares of Clearwater Analytics by 12.6% during the third quarter. Hilltop National Bank now owns 5,533 shares of the company's stock worth $100,000 after purchasing an additional 619 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Clearwater Analytics by 39.4% during the third quarter. Covestor Ltd now owns 6,111 shares of the company's stock worth $110,000 after purchasing an additional 1,728 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Stock Up 0.1%

CWAN stock opened at $23.17 on Friday. The company has a market cap of $6.85 billion, a price-to-earnings ratio of -165.50, a PEG ratio of 3.22 and a beta of 0.67. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $27.76. The firm has a 50-day moving average of $23.72 and a two-hundred day moving average of $21.31.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Oppenheimer lowered shares of Clearwater Analytics from an "outperform" rating to a "market perform" rating in a research note on Monday, December 22nd. Jefferies Financial Group cut Clearwater Analytics to a "hold" rating in a report on Friday, January 16th. Royal Bank Of Canada restated a "sector perform" rating and issued a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Wall Street Zen lowered Clearwater Analytics from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. Finally, Warburg Research set a $24.55 price target on Clearwater Analytics in a research report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.17.

Insider Buying and Selling at Clearwater Analytics

In other news, insider Subi Sethi sold 76,689 shares of the company'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 value of $1,797,590.16. Following the completion of the sale, the insider directly owned 365,490 shares in the company, valued at $8,567,085.60. This represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Souvik Das sold 88,848 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $2,082,597.12. Following the completion of the sale, the chief technology officer directly owned 207,132 shares of the company's stock, valued at approximately $4,855,174.08. This represents a 30.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,002,699 shares of company stock worth $23,710,318. 3.31% of the stock is owned by company insiders.

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.

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