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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.9833.

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reiterated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday, May 20th.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total value of $450,109.00. Following the transaction, the chief financial officer directly owned 480,419 shares of the company’s stock, valued at $11,563,685.33. This represents a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Souvik Das sold 10,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $24.35, for a total value of $243,500.00. Following the transaction, the chief technology officer owned 180,109 shares in the company, valued at $4,385,654.15. The trade was a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 672,579 shares of company stock valued at $16,340,269 in the last ninety days. 3.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clearwater Analytics

A number of hedge funds have recently bought and sold shares of CWAN. Gabelli Funds LLC acquired a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $7,916,000. Stephens Investment Management Group LLC raised its position in shares of Clearwater Analytics by 18.6% in the fourth quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock valued at $85,187,000 after buying an additional 553,218 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $6,459,000. Peregrine Capital Management LLC boosted its stake in shares of Clearwater Analytics by 7.4% in the fourth quarter. Peregrine Capital Management LLC now owns 607,253 shares of the company’s stock valued at $14,647,000 after buying an additional 41,975 shares during the period. Finally, Swedbank AB bought a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $14,472,000. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $24.56 on Friday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of -136.44, a PEG ratio of 3.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The company has a 50-day simple moving average of $24.39 and a 200 day simple moving average of $24.00. Clearwater Analytics has a 52 week low of $15.73 and a 52 week high of $24.56.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. Clearwater Analytics’s quarterly revenue was up 74.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS. On average, sell-side analysts predict that Clearwater Analytics will post 0.36 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.