Vanguard Group Inc. Acquires 50,357 Shares of Clearwater Analytics Holdings, Inc. $CWAN

Key Points

• Vanguard Group raised its stake by 50,357 shares in Q4 to own 33,311,706 shares (about 11.38% of Clearwater), valued at roughly $803.5 million at the end of the period.
• Brokerages have trimmed ratings and targets recently, leaving the stock with a MarketBeat consensus of "Hold" and an average price target of $26.17 (several firms cut targets to $24.55).
• Company insiders sold heavily last quarter—totaling 780,842 shares worth about $18.36 million—reducing insider ownership to roughly 3.31%; some sales (including the CFO’s) were to cover tax withholding on vested awards.

Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,311,706 shares of the company's stock after purchasing an additional 50,357 shares during the period. Vanguard Group Inc. owned 11.38% of Clearwater Analytics worth $803,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company's stock valued at $28,000 after purchasing an additional 1,024 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Clearwater Analytics by 54.9% during the 3rd 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. Danske Bank A S bought a new stake in shares of Clearwater Analytics during the 3rd quarter valued at about $36,000. Private Trust Co. NA boosted its position in shares of Clearwater Analytics by 643.3% during the 4th quarter. Private Trust Co. NA now owns 1,546 shares of the company's stock valued at $37,000 after purchasing an additional 1,338 shares in the last quarter. Finally, 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 valued at $38,000 after purchasing an additional 1,116 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CWAN. Wells Fargo & Company lowered Clearwater Analytics from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Jefferies Financial Group lowered Clearwater Analytics to a "hold" rating in a research report on Friday, January 16th. UBS Group lowered Clearwater Analytics from a "buy" rating to a "neutral" rating and cut their target price for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.17.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total value of $450,109.00. Following the completion of the sale, the chief financial officer directly owned 480,419 shares of the company's stock, valued at $11,563,685.33. This represents a 3.75% decrease in their ownership of the stock. The sale 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, insider Subi Sethi sold 19,858 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $472,620.40. Following the completion of the sale, the insider directly owned 388,256 shares of the company's stock, valued at approximately $9,240,492.80. This trade represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 780,842 shares of company stock valued at $18,358,880. Corporate insiders own 3.31% of the company's stock.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $24.26 on Friday. The company has a market cap of $7.17 billion, a PE ratio of -173.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $25.07. The business has a 50 day moving average price of $23.68 and a 200-day moving average price of $22.47. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.