Clearwater Analytics (NYSE:CWAN) Earns Equal Weight Rating from Morgan Stanley

Clearwater Analytics (NYSE:CWAN)‘s stock had its “equal weight” rating restated by analysts at Morgan Stanley in a research report issued on Tuesday,Benzinga reports. They currently have a $24.55 price target on the stock, down from their previous price target of $27.00. Morgan Stanley’s target price would suggest a potential upside of 1.69% from the company’s previous close.

Several other research firms have also recently commented on CWAN. UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and cut their price objective for the company from $30.00 to $24.55 in a research report on Monday. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective (down from $30.00) on shares of Clearwater Analytics in a research report on Friday, January 16th. Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Finally, Wall Street Zen downgraded Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.21.

Clearwater Analytics Trading Down 0.2%

NYSE:CWAN opened at $24.14 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The business’s 50-day simple moving average is $22.90 and its 200-day simple moving average is $20.61. Clearwater Analytics has a fifty-two week low of $15.73 and a fifty-two week high of $32.00. The stock has a market capitalization of $7.07 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 3.49 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The business’s quarterly revenue was up 77.1% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share. Sell-side analysts expect that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Sandeep Sahai sold 134,130 shares of the business’s stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the transaction, the chief executive officer directly owned 1,092,923 shares in the company, valued at approximately $26,328,515.07. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James S. Cox sold 63,709 shares of the company’s stock in a transaction on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $1,534,749.81. Following the sale, the chief financial officer directly owned 400,691 shares in the company, valued at $9,652,646.19. This trade represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 447,164 shares of company stock valued at $10,590,768 in the last ninety days. 3.31% of the stock is currently owned by insiders.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently bought and sold shares of the business. Cim LLC boosted its stake in shares of Clearwater Analytics by 0.8% during the 3rd quarter. Cim LLC now owns 66,184 shares of the company’s stock worth $1,193,000 after acquiring an additional 557 shares during the period. Hilltop National Bank lifted its holdings in Clearwater Analytics by 12.6% during the 3rd quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock valued at $100,000 after purchasing an additional 619 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after purchasing an additional 640 shares during the period. Bessemer Group Inc. increased its holdings in shares of Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Company Profile

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.