Morgan Stanley Reaffirms “Equal Weight” Rating for Clearwater Analytics (NYSE:CWAN)

Clearwater Analytics (NYSE:CWAN)‘s stock had its “equal weight” rating reiterated by investment analysts at Morgan Stanley in a research note issued on Tuesday,Benzinga reports. They currently have a $24.55 target price on the stock, down from their prior target price of $27.00. Morgan Stanley’s price target would indicate a potential upside of 1.72% from the company’s current price.

CWAN has been the subject of several other reports. Jefferies Financial Group downgraded shares of Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. lowered their target price on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Oppenheimer lowered Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Finally, Loop Capital lowered shares of Clearwater Analytics from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.21.

Clearwater Analytics Price Performance

NYSE CWAN opened at $24.14 on Tuesday. The company has a market cap of $7.06 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 3.49 and a beta of 0.66. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $23.03 and its two-hundred day simple moving average is $20.65. Clearwater Analytics has a 52 week low of $15.73 and a 52 week high of $32.00.

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

Insider Activity at Clearwater Analytics

In other news, CFO James S. Cox sold 63,709 shares of Clearwater Analytics stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $1,534,749.81. Following the transaction, the chief financial officer directly owned 400,691 shares of the company’s stock, valued at $9,652,646.19. The trade was a 13.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Subi Sethi sold 25,646 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 value of $617,812.14. Following the sale, the insider directly owned 277,189 shares in the company, valued at $6,677,483.01. This trade represents a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 447,164 shares of company stock valued at $10,590,768 in the last ninety days. Corporate insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in Clearwater Analytics by 278.9% during the second 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 period. Bessemer Group Inc. lifted its holdings in shares of Clearwater Analytics by 84.6% during the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after purchasing an additional 708 shares during the period. Private Trust Co. NA lifted its stake in Clearwater Analytics by 643.3% during the 4th quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after acquiring an additional 1,338 shares during the period. Versant Capital Management Inc lifted 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 valued at $28,000 after purchasing an additional 1,024 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Clearwater Analytics by 241.6% in the 4th quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock valued at $38,000 after buying an additional 1,116 shares during the period. Institutional investors own 50.10% of the company’s stock.

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.