Clearwater Analytics Holdings Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:CWAN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
17 Mar 25	SellUS$199,265	Kathleen Corbet	Individual	7,527	US$26.47
13 Nov 24	SellUS$452,353,244	Welsh, Carson, Anderson & Stowe, L.P.	Company	15,539,445	US$29.11
09 Aug 24	SellUS$558,848	Jacques Alfred Aigrain	Individual	25,000	US$22.35
08 Aug 24	SellUS$201,690,000	Warburg Pincus LLC	Company	9,000,000	US$22.41
20 May 24	SellUS$362,010	Subi Sethi	Individual	18,599	US$19.47
17 May 24	SellUS$52,869	Subi Sethi	Individual	2,711	US$19.50

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of CWAN?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,502,224	1.03%
Institutions	241,124,835	99%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 67.08% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.76%	The Vanguard Group, Inc.	20,879,597	US$584.4m	13.3%	0.01%
6.3%	BlackRock, Inc.	15,028,693	US$420.6m	22.2%	0.01%
5.21%	Wasatch Advisors LP	12,416,206	US$347.5m	-31.5%	1.18%
4.63%	Kayne Anderson Rudnick Investment Management, LLC	11,035,027	US$308.9m	-2.34%	0.69%
3.95%	William Blair Investment Management, LLC	9,411,306	US$263.4m	-9.75%	0.33%
3.43%	Welsh, Carson, Anderson & Stowe, L.P.	8,171,526	US$228.7m	-36.9%	43.1%
3.35%	Permira Advisers Ltd.	7,983,533	US$223.4m	-56.9%	9.55%
3.09%	AllianceBernstein L.P.	7,373,942	US$206.4m	66%	0.06%
2.83%	Conestoga Capital Advisors, LLC	6,750,577	US$188.9m	-0.41%	2.65%
2.55%	Warburg Pincus LLC	6,088,609	US$170.4m	0%	4.84%
2.5%	Wellington Management Group LLP	5,954,485	US$166.7m	98.2%	0.03%
2.23%	Baron Capital Group, Inc.	5,324,970	US$149.0m	-0.03%	0.37%
1.87%	State Street Global Advisors, Inc.	4,456,209	US$124.7m	23.2%	no data
1.78%	Invesco Ltd.	4,237,573	US$118.6m	9.02%	0.03%
1.76%	Geode Capital Management, LLC	4,186,137	US$117.2m	19.2%	0.01%
1.56%	Capital Research and Management Company	3,722,454	US$104.2m	0%	no data
1.55%	JP Morgan Asset Management	3,693,678	US$103.4m	39.4%	0.01%
1.54%	Artisan Partners Limited Partnership	3,669,967	US$102.7m	-18.8%	0.08%
1.5%	Citadel Advisors LLC	3,572,859	US$100.0m	1,100%	0.1%
1.34%	Macquarie Investment Management Business Trust	3,206,556	US$89.7m	57.2%	0.11%
1.34%	Loomis Sayles & Company, L.P.	3,198,411	US$89.5m	-2.92%	0.11%
1.09%	Allspring Global Investments, LLC	2,605,351	US$72.9m	-22.7%	0.1%
1.04%	Fred Alger Management, LLC	2,469,228	US$69.1m	16.9%	0.34%
0.97%	Morgan Stanley, Investment Banking and Brokerage Investments	2,313,920	US$64.8m	78.1%	0.01%
0.93%	Driehaus Capital Management LLC	2,214,452	US$62.0m	13.8%	0.39%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/18 12:36
End of Day Share Price	2025/03/18 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Clearwater Analytics Holdings, Inc. is covered by 14 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew Schmidt	Citigroup Inc
Kevin McVeigh	Credit Suisse
Peter Heckmann	D.A. Davidson & Co.