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

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been given an average rating of “Moderate Buy” by the thirteen research firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $28.4227.

A number of equities analysts have recently issued reports on CWAN shares. Royal Bank Of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Clearwater Analytics in a research report on Monday, December 22nd. Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Wells Fargo & Company lowered Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $27.00 to $24.55 in a research note on Thursday, January 8th. Loop Capital downgraded shares of Clearwater Analytics from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $24.55 in a report on Monday, December 22nd. Finally, Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd.

Insiders Place Their Bets

In other news, CRO Scott Stanley Erickson sold 44,386 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,069,258.74. Following the completion of the transaction, the executive directly owned 72,917 shares of the company’s stock, valued at $1,756,570.53. The trade was a 37.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Subi Sethi sold 25,646 shares of the company’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $617,812.14. Following the completion of the transaction, the insider owned 277,189 shares of the company’s stock, valued at approximately $6,677,483.01. This trade represents a 8.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 428,464 shares of company stock worth $10,139,350. Company insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CWAN. Cim LLC lifted its position in shares of Clearwater Analytics by 0.8% in the third quarter. Cim LLC now owns 66,184 shares of the company’s stock valued at $1,193,000 after acquiring an additional 557 shares in the last quarter. Hilltop National Bank increased its position in shares of Clearwater Analytics by 12.6% during the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after purchasing an additional 619 shares in the last quarter. Essex Investment Management Co. LLC increased its position in shares of Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after purchasing an additional 640 shares in the last quarter. Bessemer Group Inc. raised 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 purchasing an additional 708 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Clearwater Analytics by 189.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $24.16 on Friday. The firm has a market capitalization of $7.07 billion, a PE ratio of 15.79, a PEG ratio of 3.49 and a beta of 0.66. The stock’s fifty day moving average is $22.09 and its 200 day moving average is $20.53. Clearwater Analytics has a fifty-two week low of $15.73 and a fifty-two week high of $32.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm had revenue of $205.11 million during the quarter, compared to analysts’ expectations of $203.66 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 77.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Clearwater Analytics will post 0.18 earnings per share for the current year.

Clearwater Analytics Company Profile

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.