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

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.67.

CWAN has been the subject of several research analyst reports. Piper Sandler boosted their target price 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. Royal Bank of Canada upped their price objective on Clearwater Analytics from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Oppenheimer boosted their price target on Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Citigroup started coverage on Clearwater Analytics in a research note on Monday, August 19th. They set a “buy” rating and a $28.00 price objective on the stock.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the transaction, the executive now owns 6,373 shares of the company’s stock, valued at approximately $199,729.82. This represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. This trade represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,852,086 shares of company stock worth $44,971,367. 3.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its stake in Clearwater Analytics by 268.8% during the 1st 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 in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics in the third quarter valued at $45,000. Financial Management Professionals Inc. bought a new position in Clearwater Analytics during the third quarter valued at about $58,000. Benjamin F. Edwards & Company Inc. grew its holdings in Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after acquiring an additional 2,425 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in Clearwater Analytics in the third quarter worth about $117,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Up 2.8 %

Shares of NYSE:CWAN opened at $30.82 on Friday. The firm has a market cap of $7.61 billion, a PE ratio of 3,082.00, a price-to-earnings-growth ratio of 10.89 and a beta of 0.61. The company has a fifty day simple moving average of $26.68 and a 200 day simple moving average of $22.72. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics has a 12-month low of $15.62 and a 12-month high of $35.71.

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.