Allspring Global Investments Reduces Stake in Clearwater Analytics

Institutional investor sells over 700,000 shares of the financial analytics firm

Apr. 3, 2026 at 7:05am

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An extreme close-up of the interlocking gears, circuits, and mechanical components that comprise the data processing hardware at the heart of a financial analytics platform, conveying a sense of the scale and sophistication of the technology powering modern investment management.The complex inner workings of Clearwater Analytics' financial data processing systems reflect the company's role as a critical infrastructure provider for institutional investors.Boise Today

Allspring Global Investments Holdings LLC, a major institutional investor, has reduced its stake in Clearwater Analytics Holdings, Inc. (NYSE: CWAN) by 30% in the fourth quarter, according to a recent SEC filing. The fund sold 722,838 shares of the financial data and analytics company, leaving it with 1,684,445 shares worth $40.6 million.

Why it matters

The sizable reduction in Allspring's Clearwater Analytics holdings could signal broader investor concerns about the company's growth prospects or valuation. Insider selling by top Clearwater executives on the same day has also raised eyebrows and added to market uncertainty around the stock.

The details

According to the 13F filing, Allspring Global Investments sold 722,838 shares of Clearwater Analytics in Q4 2025, reducing its total stake by 30% to 1,684,445 shares. The move comes as several Clearwater insiders, including the CEO, CTO, CFO and CRO, also sold a combined 126,932 shares on March 31st, worth around $3 million. Additionally, options traders have been taking out unusually high numbers of bearish put contracts on Clearwater, potentially signaling concerns about the stock's near-term direction.

  • Allspring Global Investments sold 722,838 Clearwater Analytics shares in Q4 2025.
  • Multiple Clearwater executives sold a combined 126,932 shares on March 31, 2026.

The players

Allspring Global Investments Holdings LLC

A major institutional investor that has reduced its stake in Clearwater Analytics.

Clearwater Analytics Holdings, Inc.

A financial data and analytics company traded on the NYSE under the ticker symbol CWAN.

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What they’re saying

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— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

The reduction in Allspring's Clearwater Analytics stake, combined with insider selling and heightened options activity, suggests growing investor uncertainty around the company's outlook. This could signal a need for Clearwater to shore up confidence in its growth strategy and financial performance to reassure the market.