Clearwater Analytics (NYSE:CWAN) Price Target Raised to $35.00

Clearwater Analytics (NYSE:CWAN) had its price objective hoisted by Wells Fargo & Company from $33.00 to $35.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

CWAN has been the subject of a number of other reports. Piper Sandler upped their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley increased their price target on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Citigroup started coverage on Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 target price for the company. Finally, DA Davidson cut Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $31.00 to $35.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.89.

Clearwater Analytics Stock Down 0.6 %

CWAN stock opened at $29.75 on Thursday. The business’s 50-day moving average price is $28.26 and its 200-day moving average price is $23.82. The stock has a market cap of $7.35 billion, a P/E ratio of 2,977.98, a PEG ratio of 10.71 and a beta of 0.69. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics has a twelve month low of $15.62 and a twelve month high of $35.71.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.34, for a total transaction of $567,358.00. Following the sale, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. This represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the completion of the transaction, the executive now owns 6,373 shares of the company’s stock, valued at approximately $161,746.74. This trade represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,770 shares of company stock worth $1,826,606 in the last quarter. 4.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in Clearwater Analytics during the 3rd quarter valued at about $45,000. Financial Management Professionals Inc. purchased a new position in shares of Clearwater Analytics during the third quarter valued at approximately $58,000. Advisors Asset Management Inc. grew its stake in shares of Clearwater Analytics by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after buying an additional 995 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Clearwater Analytics by 124.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after buying an additional 2,425 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Clearwater Analytics during the 3rd quarter worth approximately $117,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

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.