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

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.89.

CWAN has been the subject of several research analyst reports. Morgan Stanley boosted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Oppenheimer boosted their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $27.86 on Monday. Clearwater Analytics has a twelve month low of $15.62 and a twelve month high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $29.30 and a 200 day simple moving average of $25.15. The company has a market cap of $6.88 billion, a P/E ratio of 2,788.79, a P/E/G ratio of 10.57 and a beta of 0.69.

Insiders Place Their Bets

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20. Following the completion of the transaction, the executive now owns 6,373 shares in the company, valued at approximately $161,746.74. This trade represents a 37.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the sale, the chief financial officer now directly owns 224,044 shares in the company, valued at approximately $5,860,991.04. This represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,942 shares of company stock valued at $5,972,366. 4.60% of the stock is currently owned by company insiders.

Institutional Trading of Clearwater Analytics

A number of large investors have recently bought and sold shares of the business. Seven Eight Capital LP acquired a new stake in Clearwater Analytics during the second quarter worth approximately $1,797,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $3,677,000. Loomis Sayles & Co. L P grew its position in shares of Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock worth $83,186,000 after buying an additional 327,880 shares during the period. Swiss National Bank increased its stake in shares of Clearwater Analytics by 8.5% in the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company’s stock valued at $7,901,000 after acquiring an additional 24,600 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Clearwater Analytics during the 3rd quarter valued at $523,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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.