Brokerages Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Price Target at $25.67

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) 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.

Insider Activity

In other news, CFO James S. Cox sold 14,850 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $22.02, for a total transaction of $326,997.00. Following the completion of the transaction, the chief financial officer now directly owns 232,503 shares of the company’s stock, valued at approximately $5,119,716.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Clearwater Analytics news, CFO James S. Cox sold 14,850 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $22.02, for a total transaction of $326,997.00. Following the sale, the chief financial officer now directly owns 232,503 shares in the company, valued at approximately $5,119,716.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total transaction of $92,387.50. Following the completion of the transaction, the executive now owns 4,844 shares of the company’s stock, valued at $115,045. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,879,543 shares of company stock valued at $247,145,339 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

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) 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.