Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Average Rating of “Hold” by Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.1682.

CWAN has been the topic of a number of recent analyst reports. Loop Capital downgraded shares of Clearwater Analytics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Oppenheimer cut shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. DA Davidson reiterated a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a research report on Thursday, February 19th. Finally, William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd.

Clearwater Analytics Stock Down 0.3%

Shares of NYSE CWAN opened at $23.47 on Friday. Clearwater Analytics has a 52 week low of $15.73 and a 52 week high of $29.43. The business has a 50-day simple moving average of $23.81 and a two-hundred day simple moving average of $21.20. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The company has a market cap of $6.93 billion, a P/E ratio of -167.63, a P/E/G ratio of 3.27 and a beta of 0.67.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 74,530 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $1,746,983.20. Following the sale, the executive directly owned 138,630 shares of the company’s stock, valued at $3,249,487.20. This trade represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Souvik Das sold 88,848 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $2,082,597.12. Following the sale, the chief technology officer owned 207,132 shares of the company’s stock, valued at approximately $4,855,174.08. The trade was a 30.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,002,699 shares of company stock worth $23,692,518. Company insiders own 3.31% of the company’s stock.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 720 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Clearwater Analytics during the fourth quarter valued at about $26,000. Versant Capital Management Inc lifted its stake 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 last quarter. First Horizon Advisors Inc. lifted its stake 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 purchasing an additional 1,121 shares during the last quarter. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Clearwater Analytics by 54.9% in the 3rd 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. Hedge funds and other 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.