Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.33.

CWAN has been the topic of several research reports. Morgan Stanley raised shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. Royal Bank of Canada cut their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, Wells Fargo & Company upped their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th.

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 139,172 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction 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 approximately $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the sale, the executive now owns 6,373 shares in the company, valued at approximately $199,729.82. This represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 253,052 shares of company stock valued at $7,182,724. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in shares of Clearwater Analytics by 20.2% in the 4th quarter. Rhumbline Advisers now owns 235,647 shares of the company’s stock worth $6,485,000 after buying an additional 39,559 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Clearwater Analytics during the fourth quarter worth approximately $167,000. Stephens Inc. AR bought a new position in shares of Clearwater Analytics in the fourth quarter valued at $220,000. Stephens Investment Management Group LLC increased its stake in Clearwater Analytics by 189.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock worth $34,926,000 after purchasing an additional 830,684 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in shares of Clearwater Analytics in the 4th quarter valued at approximately $1,138,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Down 0.8 %

CWAN stock opened at $28.46 on Friday. Clearwater Analytics has a twelve month low of $15.62 and a twelve month high of $35.71. The stock has a market cap of $7.03 billion, a P/E ratio of 2,848.55, a PEG ratio of 7.66 and a beta of 0.72. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $28.73 and its two-hundred day moving average is $26.26.

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.