Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $33.80.

A number of research analysts recently weighed in on CWAN shares. UBS Group lifted their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Wells Fargo & Company lifted their target price on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Oppenheimer upped their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada lifted their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th.

Insider Activity at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.58, for a total value of $497,046.00. Following the completion of the sale, the chief financial officer now owns 358,502 shares in the company, valued at $9,528,983.16. This represents a 4.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Scott Stanley Erickson sold 76,256 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the transaction, the executive now directly owns 78,363 shares in the company, valued at $2,356,375.41. The trade was a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,688,862 in the last ninety days. Insiders own 4.60% of the company’s stock.

Institutional Trading of Clearwater Analytics

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWAN. Wellington Management Group LLP increased its holdings in shares of Clearwater Analytics by 98.2% in the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock valued at $163,867,000 after purchasing an additional 2,950,555 shares during the period. Alliancebernstein L.P. increased its stake in Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock valued at $202,931,000 after buying an additional 2,931,445 shares during the period. Vanguard Group Inc. raised its position in Clearwater Analytics by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock worth $574,607,000 after buying an additional 2,455,844 shares during the last quarter. Norges Bank acquired a new stake in shares of Clearwater Analytics in the 4th quarter worth $59,402,000. Finally, Champlain Investment Partners LLC purchased a new stake in shares of Clearwater Analytics in the third quarter valued at about $53,559,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Down 0.6 %

Clearwater Analytics stock opened at $26.52 on Friday. The company has a market capitalization of $6.66 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The firm has a 50 day moving average price of $28.26 and a 200 day moving average price of $27.77.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Research analysts expect that Clearwater Analytics will post 0.18 earnings per share for the current year.

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.