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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has received a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.67.

Several analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Clearwater Analytics from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Oppenheimer increased their price target on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Finally, DA Davidson cut Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their price target for the company from $31.00 to $35.00 in a research report on Friday, November 8th.

Clearwater Analytics Trading Up 0.1 %

Clearwater Analytics stock opened at $30.49 on Friday. Clearwater Analytics has a 52 week low of $15.62 and a 52 week high of $35.71. The stock has a 50-day moving average price of $26.42 and a 200 day moving average price of $22.49. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 3,049.00, a price-to-earnings-growth ratio of 11.29 and a beta of 0.61.

Insider Activity at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the sale, the executive now owns 4,844 shares of the company’s stock, valued at $115,045. The trade was a 44.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Subi Sethi sold 21,497 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total transaction of $522,377.10. Following the completion of the transaction, the insider now directly owns 81,812 shares in the company, valued at $1,988,031.60. This represents a 20.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,854,883 shares of company stock worth $44,926,386 in the last 90 days. Corporate insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Several large investors have recently bought and sold shares of the company. Swiss National Bank boosted its stake in shares of Clearwater Analytics by 21.4% in the first quarter. Swiss National Bank now owns 288,300 shares of the company’s stock worth $5,100,000 after acquiring an additional 50,800 shares during the last quarter. Blair William & Co. IL boosted its stake in Clearwater Analytics by 89.5% during the 1st quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock worth $739,000 after purchasing an additional 19,717 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Clearwater Analytics by 17.2% during the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock worth $267,676,000 after buying an additional 2,219,459 shares in the last quarter. Thornburg Investment Management Inc. raised its position in shares of Clearwater Analytics by 31.7% in the first quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock valued at $5,860,000 after buying an additional 79,707 shares during the last quarter. Finally, MQS Management LLC lifted its stake in shares of Clearwater Analytics by 17.4% in the first quarter. MQS Management LLC now owns 13,471 shares of the company’s stock worth $238,000 after buying an additional 1,995 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

About Clearwater Analytics

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.