Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $30.67.

A number of analysts have weighed in on CWAN shares. DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. Oppenheimer lifted their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Citigroup assumed coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 target price on the stock. Piper Sandler lifted their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada increased their price objective on Clearwater Analytics from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Clearwater Analytics Trading Up 0.1 %

Shares of NYSE CWAN opened at $30.49 on Friday. Clearwater Analytics has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 3,049.00, a PEG ratio of 11.29 and a beta of 0.61. The business’s 50 day moving average price is $26.42 and its 200-day moving average price is $22.49.

Insiders Place Their Bets

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the transaction, the executive now directly owns 6,373 shares in the company, valued at approximately $199,729.82. The trade was a 37.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Subi Sethi sold 21,497 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total transaction of $522,377.10. Following the completion of the sale, the insider now owns 81,812 shares in the company, valued at $1,988,031.60. This represents a 20.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,854,883 shares of company stock worth $44,926,386 over the last 90 days. Company insiders own 3.25% of the company’s stock.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP grew its stake in shares of Clearwater Analytics by 3.2% during the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after acquiring an additional 559,564 shares during the last quarter. Vanguard Group Inc. increased its stake in Clearwater Analytics by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after purchasing an additional 2,219,459 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Clearwater Analytics by 1.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,374,673 shares of the company’s stock valued at $210,659,000 after purchasing an additional 128,402 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Clearwater Analytics by 0.6% in the second quarter. William Blair Investment Management LLC now owns 10,430,794 shares of the company’s stock worth $193,178,000 after buying an additional 66,528 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of Clearwater Analytics by 1.6% during the third quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock worth $171,156,000 after buying an additional 107,210 shares during the period. 50.10% of the stock is owned by hedge funds and other institutional investors.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.