Clearwater Analytics (NYSE:CWAN) Price Target Raised to $36.00

Clearwater Analytics (NYSE:CWAN) had its target price boosted by Royal Bank of Canada from $32.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also weighed in on CWAN. Oppenheimer upped their price target on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. 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 research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Citigroup assumed coverage on Clearwater Analytics in a report on Monday, August 19th. They set a “buy” rating and a $28.00 target price on the stock. One 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. Based on data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Hold” and an average price target of $31.11.

Clearwater Analytics Price Performance

Shares of CWAN opened at $31.94 on Friday. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 3,194.00, a price-to-earnings-growth ratio of 11.34 and a beta of 0.61. The stock’s fifty day moving average is $27.15 and its 200-day moving average is $23.01. Clearwater Analytics has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20. Following the sale, the executive now owns 6,373 shares in the company, valued at $161,746.74. This 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. 3.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its position in Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after acquiring an additional 1,234 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics during the third quarter worth approximately $45,000. Financial Management Professionals Inc. acquired a new stake in shares of Clearwater Analytics during the third quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. grew its position 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 valued at $81,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Clearwater Analytics in the 2nd quarter valued at approximately $90,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

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.