Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $25.67.
Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Clearwater Analytics from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Piper Sandler restated a “neutral” rating and set a $23.00 price target on shares of Clearwater Analytics in a research note on Monday, September 9th. Citigroup began coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective for the company. Morgan Stanley lifted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada increased their price target on shares of Clearwater Analytics from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th.
Read Our Latest Stock Analysis on CWAN
Insider Activity
Institutional Investors Weigh In On Clearwater Analytics
Hedge funds and other institutional investors have recently modified their holdings of the stock. Blair William & Co. IL boosted its position in shares of Clearwater Analytics by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock worth $786,000 after buying an additional 680 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Clearwater Analytics by 2.1% in the second quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock valued at $757,000 after purchasing an additional 828 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after purchasing an additional 1,234 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Clearwater Analytics by 389.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock worth $34,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $45,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.
Clearwater Analytics Trading Up 0.1 %
CWAN opened at $26.30 on Wednesday. The business’s 50-day simple moving average is $25.09 and its 200-day simple moving average is $21.22. The company has a market cap of $6.46 billion, a P/E ratio of -328.75, a PEG ratio of 9.16 and a beta of 0.62. Clearwater Analytics has a one year low of $15.62 and a one year high of $27.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.78 and a current ratio of 4.78.
Clearwater Analytics (NYSE:CWAN – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The company had revenue of $106.79 million for the quarter, compared to analysts’ expectations of $105.51 million. During the same quarter last year, the company earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. As a group, equities research analysts expect that Clearwater Analytics will post 0.14 EPS for the current fiscal 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.
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