Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $22.00 Average Price Target from Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $21.70.

Several research analysts recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price objective on shares of Clearwater Analytics in a research note on Thursday. Piper Sandler restated a “neutral” rating and set a $20.00 price target on shares of Clearwater Analytics in a research note on Thursday, February 29th. Wells Fargo & Company lowered their price objective on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, DA Davidson reiterated a “buy” rating and set a $24.00 price objective on shares of Clearwater Analytics in a research note on Monday, February 5th.

Insider Activity

In other news, CFO James S. Cox sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $19.74, for a total transaction of $197,400.00. Following the transaction, the chief financial officer now owns 148,711 shares in the company, valued at $2,935,555.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total value of $987,000.00. Following the sale, the chief executive officer now owns 270,838 shares in the company, valued at $5,346,342.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James S. Cox sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total transaction of $197,400.00. Following the transaction, the chief financial officer now directly owns 148,711 shares of the company’s stock, valued at $2,935,555.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,310,000 shares of company stock worth $275,809,400. Insiders own 2.10% of the company’s stock.

Institutional Trading of Clearwater Analytics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Shields Capital Management LLC purchased a new stake in Clearwater Analytics in the 1st quarter worth approximately $283,000. Wellington Shields & Co. LLC purchased a new stake in Clearwater Analytics during the first quarter worth $177,000. RiverPark Advisors LLC grew its position in Clearwater Analytics by 361.0% during the first quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock valued at $95,000 after buying an additional 4,202 shares during the period. Capstone Investment Advisors LLC grew its position in Clearwater Analytics by 111.6% during the first quarter. Capstone Investment Advisors LLC now owns 68,710 shares of the company’s stock valued at $1,215,000 after buying an additional 36,241 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Clearwater Analytics by 28.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,359,848 shares of the company’s stock worth $77,126,000 after acquiring an additional 971,920 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

CWAN stock opened at $17.67 on Wednesday. Clearwater Analytics has a twelve month low of $13.02 and a twelve month high of $21.89. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of -220.88, a PEG ratio of 7.01 and a beta of 0.50. The business’s fifty day simple moving average is $17.01 and its two-hundred day simple moving average is $18.66. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 0.11.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $102.70 million during the quarter, compared to analyst estimates of $100.55 million. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.26%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. Analysts predict that Clearwater Analytics will post 0.11 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.