Analysts Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) PT at $30.67

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been given a consensus rating of “Hold” by the nine analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $30.67.

Several brokerages have recently commented on CWAN. Royal Bank of Canada upped their target price on Clearwater Analytics from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley raised their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. DA Davidson lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $35.00 in a report on Friday, November 8th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price 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.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares of the company’s stock, valued at $6,645,794.96. This represents a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $24.18, for a total value of $43,144,760.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,852,086 shares of company stock valued at $44,971,367. Insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CWAN. Teachers Retirement System of The State of Kentucky grew its holdings in Clearwater Analytics by 43.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 62,178 shares of the company’s stock valued at $1,570,000 after purchasing an additional 18,712 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clearwater Analytics by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company’s stock worth $88,710,000 after buying an additional 187,881 shares during the period. Bullseye Asset Management LLC grew its stake in Clearwater Analytics by 46.1% in the 3rd quarter. Bullseye Asset Management LLC now owns 111,000 shares of the company’s stock valued at $2,803,000 after buying an additional 35,000 shares during the last quarter. Barclays PLC raised its holdings in Clearwater Analytics by 105.6% in the 3rd quarter. Barclays PLC now owns 571,860 shares of the company’s stock worth $14,439,000 after acquiring an additional 293,719 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new position in Clearwater Analytics during the 3rd quarter worth $346,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $30.82 on Friday. The company has a market capitalization of $7.61 billion, a PE ratio of 3,082.00, a price-to-earnings-growth ratio of 10.89 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a fifty day moving average of $26.68 and a 200-day moving average of $22.72. Clearwater Analytics has a one year low of $15.62 and a one year high of $35.71.

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.