Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $29.5556.

CWAN has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a research note on Wednesday, September 17th. Zacks Research raised shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of Clearwater Analytics in a research note on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a report on Tuesday.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN opened at $21.74 on Thursday. Clearwater Analytics has a 1 year low of $15.73 and a 1 year high of $32.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $6.36 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 5.82 and a beta of 0.69. The firm has a fifty day moving average price of $18.65 and a 200-day moving average price of $20.49.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $205.11 million during the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. Clearwater Analytics’s revenue was up 77.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics declared that its board has authorized a stock repurchase plan on Wednesday, September 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 1.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 7,434 shares of Clearwater Analytics 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 $131,433.12. Following the sale, the insider owned 226,980 shares of the company’s stock, valued at $4,013,006.40. The trade was a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Souvik Das sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $20.57, for a total value of $205,700.00. Following the transaction, the chief technology officer owned 121,549 shares of the company’s stock, valued at $2,500,262.93. This represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 113,302 shares of company stock worth $2,207,626 over the last three months. 3.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc raised its position in shares of Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after buying an additional 1,024 shares in the last quarter. First Horizon Advisors Inc. increased 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 acquiring an additional 1,121 shares during the last quarter. Essex Investment Management Co. LLC raised its position in Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after purchasing an additional 640 shares during the period. Bessemer Group Inc. raised its position in Clearwater Analytics by 84.6% during the second 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 period. Finally, Danske Bank A S bought a new stake in shares of Clearwater Analytics in the 3rd quarter valued at approximately $36,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.