Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $26.17 Average Price Target from Analysts

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $26.1682.

A number of brokerages have issued reports on CWAN. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $24.42 on Thursday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. Clearwater Analytics has a twelve month low of $15.73 and a twelve month high of $25.07. The company has a market cap of $7.29 billion, a P/E ratio of -135.63, a P/E/G ratio of 3.52 and a beta of 0.61. The business has a fifty day simple moving average of $24.01 and a 200 day simple moving average of $23.22.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The business had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same period in the prior year, the company earned $0.13 EPS. Clearwater Analytics’s revenue for the quarter was up 74.4% on a year-over-year basis. On average, sell-side analysts forecast that Clearwater Analytics will post 0.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 18,790 shares of the company’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 owned 155,119 shares of the company’s stock, valued at $3,691,832.20. This represents a 10.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sandeep Sahai sold 51,967 shares of the company’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 $1,236,814.60. Following the completion of the transaction, the chief executive officer directly owned 1,415,619 shares of the company’s stock, valued at approximately $33,691,732.20. The trade was a 3.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 194,332 shares of company stock worth $4,624,562. Company insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Clearwater Analytics by 21.9% in the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after buying an additional 5,967,798 shares during the period. Wellington Management Group LLP increased its stake in shares of Clearwater Analytics by 108.7% in the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after buying an additional 9,268,950 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Clearwater Analytics by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock valued at $330,827,000 after buying an additional 1,459,150 shares during the period. Starboard Value LP acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $240,212,000. Finally, Wasatch Advisors LP increased its stake in shares of Clearwater Analytics by 3.0% in the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after buying an additional 274,664 shares during the period. Institutional investors and hedge funds 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.