Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives Average Recommendation of “Moderate Buy” from Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $33.80.

CWAN has been the subject of a number of research analyst reports. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. UBS Group increased their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their target price for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th.

Clearwater Analytics Stock Up 1.1 %

CWAN stock opened at $23.37 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a market capitalization of $5.87 billion, a P/E ratio of 14.08, a P/E/G ratio of 8.23 and a beta of 0.76. Clearwater Analytics has a 52-week low of $15.62 and a 52-week high of $35.71. The company’s 50 day simple moving average is $27.02 and its 200-day simple moving average is $27.80.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. As a group, equities research analysts anticipate that Clearwater Analytics will post 0.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $23.09, for a total value of $1,154,500.00. Following the sale, the chief executive officer now owns 876,754 shares of the company’s stock, valued at $20,244,249.86. The trade was a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.58, for a total value of $497,046.00. Following the sale, the chief financial officer now directly owns 358,502 shares in the company, valued at $9,528,983.16. The trade was a 4.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 625,810 shares of company stock valued at $18,045,084. 4.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CWAN. Principal Financial Group Inc. increased its stake in shares of Clearwater Analytics by 1,600.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock valued at $39,690,000 after buying an additional 1,357,425 shares during the period. Alliancebernstein L.P. boosted its holdings in Clearwater Analytics by 66.0% in the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock valued at $202,931,000 after acquiring an additional 2,931,445 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Clearwater Analytics in the fourth quarter worth about $1,112,000. Stephens Investment Management Group LLC raised its holdings in Clearwater Analytics by 189.5% during 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 during the last quarter. Finally, Moody Aldrich Partners LLC raised its holdings in Clearwater Analytics by 32.4% during the 4th quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company’s stock worth $10,634,000 after purchasing an additional 94,454 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

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.