Brokerages Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Price Target at $31.89

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has earned a consensus rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $31.89.

Several research analysts recently issued reports on CWAN shares. DA Davidson lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. Piper Sandler increased their price objective 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. Oppenheimer raised their target price on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group increased their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock 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 boosted their price objective for the company from $23.00 to $33.00 in a report on Thursday, November 7th.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total value of $489,192.00. Following the completion of the sale, the chief financial officer now owns 224,044 shares in the company, valued at approximately $5,860,991.04. This trade represents a 7.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the transaction, the chief executive officer now owns 441,724 shares in the company, valued at $12,783,492.56. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 203,052 shares of company stock valued at $5,873,638 over the last 90 days. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWAN. GAMMA Investing LLC grew its stake in shares of Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after acquiring an additional 468 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Clearwater Analytics during the third quarter valued at about $45,000. Financial Management Professionals Inc. bought a new position in Clearwater Analytics during the third quarter worth about $58,000. Benjamin F. Edwards & Company Inc. increased its stake 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 purchasing an additional 2,425 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in shares of Clearwater Analytics in the second quarter valued at approximately $90,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $27.31 on Monday. The stock’s 50 day moving average price is $29.32 and its two-hundred day moving average price is $25.27. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 2,733.73, a PEG ratio of 10.57 and a beta of 0.72. 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.

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.