Analysts Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Price Target at $30.67

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $30.67.

Several analysts recently issued reports on CWAN shares. Wells Fargo & Company lifted their target price on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Citigroup started coverage on shares of Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. Morgan Stanley lifted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $33.00 in a report on Thursday, November 7th.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $24.44, for a total transaction of $457,028.00. Following the completion of the sale, the chief financial officer now owns 227,503 shares of the company’s stock, valued at $5,560,173.32. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Galibier Purchaser, Llc sold 1,784,316 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.18, for a total transaction of $43,144,760.88. The disclosure for this sale can be found here. Insiders have sold 1,852,086 shares of company stock worth $44,971,367 over the last 90 days. 3.25% of the stock is currently owned by company insiders.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently made changes to their positions in the company. Swiss National Bank grew its stake in shares of Clearwater Analytics by 21.4% in the first quarter. Swiss National Bank now owns 288,300 shares of the company’s stock valued at $5,100,000 after buying an additional 50,800 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Clearwater Analytics by 89.5% during the first quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock worth $739,000 after purchasing an additional 19,717 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Clearwater Analytics by 17.2% in the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after purchasing an additional 2,219,459 shares during the period. Thornburg Investment Management Inc. grew its holdings in shares of Clearwater Analytics by 31.7% in the first quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock valued at $5,860,000 after purchasing an additional 79,707 shares in the last quarter. Finally, MQS Management LLC increased its stake in Clearwater Analytics by 17.4% during the 1st quarter. MQS Management LLC now owns 13,471 shares of the company’s stock worth $238,000 after buying an additional 1,995 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Trading Up 2.8 %

Shares of NYSE:CWAN opened at $31.75 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics has a 52-week low of $15.62 and a 52-week high of $35.71. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 3,173.17, a PEG ratio of 11.01 and a beta of 0.61. The stock’s 50-day simple moving average is $26.82 and its two-hundred day simple moving average is $22.78.

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.