Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives Consensus Recommendation of “Hold” from Brokerages

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.1850.

CWAN has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a research report on Wednesday, May 20th.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $24.33 on Monday. Clearwater Analytics has a twelve month low of $15.73 and a twelve month high of $24.43. The stock has a market cap of $7.26 billion, a P/E ratio of -135.13, a price-to-earnings-growth ratio of 3.34 and a beta of 0.60. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $24.23 and its 200 day simple moving average is $23.63.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.Clearwater Analytics’s quarterly revenue was up 74.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. As a group, research analysts predict that Clearwater Analytics will post 0.36 EPS for the current year.

Insiders Place Their Bets

In other Clearwater Analytics news, CTO Souvik Das sold 14,686 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $349,526.80. Following the completion of the transaction, the chief technology officer owned 210,109 shares of the company’s stock, valued at approximately $5,000,594.20. The trade was a 6.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 18,790 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $447,202.00. Following the completion of the transaction, the executive directly owned 155,119 shares of the company’s stock, valued at approximately $3,691,832.20. This trade represents a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 175,632 shares of company stock worth $4,198,091 in the last quarter. Insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 720 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Clearwater Analytics in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. raised its position in Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after buying an additional 1,186 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Clearwater Analytics in the 4th quarter worth about $33,000. Finally, Danske Bank A S bought a new stake in shares of Clearwater Analytics during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

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.