Conestoga Capital Boosts Clearwater Analytics Stake to 6.4M Shares

TL;DR

**Conestoga Capital owns 6.4M shares of Clearwater Analytics, signaling institutional confidence.**

AI Summary

Conestoga Capital Advisors LLC, a Delaware-based investment advisor, filed an amended SC 13G/A on January 5, 2024, disclosing its beneficial ownership in Clearwater Analytics Holdings, Inc. As of December 31, 2023, Conestoga holds sole voting power over 6,426,367 shares of Class A common stock, representing a significant stake. This filing indicates a notable position by an institutional investor, which can signal confidence in the company's future to other shareholders.

Why It Matters

This filing shows a major institutional investor, Conestoga Capital Advisors, maintains a substantial position in Clearwater Analytics, which can be interpreted as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing is an update on an existing institutional holding, not a new or volatile event, indicating low risk.

Analyst Insight

Investors should note that a significant institutional investor like Conestoga Capital Advisors LLC maintains a substantial position in Clearwater Analytics, which could be a positive signal for long-term stability, but this filing alone doesn't indicate a new buy or sell action, so further research into their investment thesis would be prudent.

Key Numbers

• 6,426,367 — Shares Beneficially Owned (Represents the total number of Class A common stock shares of Clearwater Analytics Holdings, Inc. over which Conestoga Capital Advisors LLC has sole voting power as of December 31, 2023.)
• 0 — Shared Voting Power (Indicates that Conestoga Capital Advisors LLC holds no shared voting power over Clearwater Analytics Holdings, Inc. shares.)

Key Players & Entities

• Conestoga Capital Advisors LLC (company) — the reporting person and institutional investor
• Clearwater Analytics Holdings, Inc. (company) — the subject company whose shares are being reported
• Delaware (company) — state of organization for Conestoga Capital Advisors LLC
• 6,426,367 (dollar_amount) — number of shares beneficially owned with sole voting power
• December 31, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Conestoga Capital Advisors LLC will maintain a significant stake in Clearwater Analytics Holdings, Inc. (Conestoga Capital Advisors LLC) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.001 — ssuer) Class A common stock, par value $0.001 per share (Title of Class of Securitie

Filing Documents

• cwana1_10524.htm (SC 13G/A) — 25KB
• 0001085146-24-000026.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Clearwater Analytics Holdings Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 777 W. Main Street, Suite 900, Boise, ID 83702

(a)

ITEM 2(a). NAME OF PERSON FILING: Conestoga Capital Advisors LLC

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 550 E. Swedesford Rd. Ste 120 Wayne, PA 19087

(c)

ITEM 2(c). CITIZENSHIP: Delaware

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Class A common stock, par value $0.001 per share

(e)

ITEM 2(e). CUSIP NUMBER: 185123106 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 6,805,047 (b) Percent of class: 7.57% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Conestoga Capital Advisors LLC : 6,426,367 (ii) shared power to vote or to direct the vote: Conestoga Capital Advisors LLC : 0 (iii) sole power to dispose or direct the disposition of: Conestoga Capital Advisors LLC : 6,805,047 (iv) shared power to dispose or to direct the disposition of: Conestoga Capital Advisors LLC :0 ITEM 5. If this statement is being filed to report the fact that a

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