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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $29.5556.

CWAN has been the subject of several analyst reports. Morgan Stanley restated an “overweight” rating and issued a $27.00 price objective on shares of Clearwater Analytics in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research note on Monday, December 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Clearwater Analytics in a report on Wednesday, September 17th. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of Clearwater Analytics in a research note on Wednesday, December 10th.

Insider Activity

In related news, CFO James S. Cox sold 7,425 shares of Clearwater Analytics stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $22.00, for a total transaction of $163,350.00. Following the completion of the transaction, the chief financial officer owned 328,983 shares in the company, valued at approximately $7,237,626. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 4,505 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total value of $79,648.40. Following the transaction, the executive directly owned 19,552 shares in the company, valued at approximately $345,679.36. This trade represents a 18.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 120,727 shares of company stock valued at $2,402,598. Company insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in Clearwater Analytics by 189.3% during the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after purchasing an additional 1,024 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after buying an additional 1,121 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of Clearwater Analytics by 54.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after buying an additional 640 shares during the period. Bessemer Group Inc. grew its stake in Clearwater Analytics by 84.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after buying an additional 708 shares during the last quarter. Finally, Danske Bank A S bought a new position in Clearwater Analytics in the 3rd quarter valued at about $36,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $22.25 on Monday. The company has a fifty day moving average price of $19.87 and a 200 day moving average price of $20.30. Clearwater Analytics has a 1-year low of $15.73 and a 1-year high of $32.00. The firm has a market cap of $6.51 billion, a PE ratio of 14.54, a PEG ratio of 5.86 and a beta of 0.67. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business’s revenue for the quarter was up 77.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. Research analysts predict that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics announced that its Board of Directors has initiated a share buyback plan on Wednesday, September 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

About Clearwater Analytics

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.