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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.80.

CWAN has been the subject of several analyst reports. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday. JPMorgan Chase & Co. raised 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 report on Thursday, November 7th. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price objective for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th.

Insider Activity

In other news, CTO Souvik Das sold 76,844 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,310,699.08. Following the transaction, the chief technology officer now owns 68,902 shares of the company’s stock, valued at approximately $2,071,883.14. This trade represents a 52.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the sale, the chief executive officer now owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 733,431 shares of company stock valued at $21,444,493. Company insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CWAN. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Clearwater Analytics during the third quarter worth $3,677,000. Loomis Sayles & Co. L P boosted its holdings in Clearwater Analytics by 11.1% during the third 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 last quarter. Swiss National Bank grew its position in shares of Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company’s stock worth $7,901,000 after buying an additional 24,600 shares during the period. Stephens Investment Management Group LLC increased its stake in shares of Clearwater Analytics by 189.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock valued at $34,926,000 after acquiring an additional 830,684 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Clearwater Analytics in the 3rd quarter valued at approximately $523,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Trading Down 2.0 %

Shares of CWAN opened at $30.63 on Tuesday. The stock has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $27.23. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.57 billion, a PE ratio of 18.45, a PEG ratio of 8.23 and a beta of 0.72. Clearwater Analytics has a 1 year low of $15.62 and a 1 year high of $35.71.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. On average, sell-side analysts predict that Clearwater Analytics will post 0.18 EPS for the current fiscal year.

Clearwater Analytics Company Profile

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.