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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $31.33.

A number of research firms recently commented on CWAN. Wells Fargo & Company lifted their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Oppenheimer lifted their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Piper Sandler upped their target price on Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price target for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group raised their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the transaction, the executive now owns 6,373 shares in the company, valued at $199,729.82. This trade represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the completion of the transaction, the chief financial officer now directly owns 219,044 shares of the company’s stock, valued at approximately $6,645,794.96. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 253,052 shares of company stock valued at $7,182,724. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently made changes to their positions in CWAN. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Clearwater Analytics in the third quarter valued at $3,677,000. Loomis Sayles & Co. L P boosted its position in Clearwater Analytics by 11.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after buying an additional 327,880 shares during the period. Swiss National Bank boosted its holdings in Clearwater Analytics by 8.5% in the third quarter. Swiss National Bank now owns 312,900 shares of the company’s stock valued at $7,901,000 after purchasing an additional 24,600 shares during the period. Aigen Investment Management LP acquired a new position in Clearwater Analytics during the 3rd quarter worth $523,000. Finally, Principal Financial Group Inc. grew its position in shares of Clearwater Analytics by 348.3% during the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock worth $2,141,000 after buying an additional 65,878 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

NYSE CWAN opened at $28.46 on Friday. The firm’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $26.26. The firm has a market capitalization of $7.03 billion, a P/E ratio of 2,848.55, a P/E/G ratio of 7.66 and a beta of 0.72. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics has a 12-month low of $15.62 and a 12-month high of $35.71.

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.