Brokerages Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) PT at $33.80

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.80.

Several research firms have weighed in on CWAN. Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. UBS Group increased their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Oppenheimer lifted their target price on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered 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 objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $27.11 on Friday. The firm’s 50-day moving average is $28.28 and its 200 day moving average is $27.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics has a 1 year low of $15.62 and a 1 year high of $35.71. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Sell-side analysts anticipate that Clearwater Analytics will post 0.18 EPS for the current fiscal year.

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares in the company, valued at $15,944,485.95. This trade represents a 7.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James S. Cox sold 18,700 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 358,502 shares in the company, valued at approximately $9,528,983.16. This trade represents a 4.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock worth $18,688,862 over the last quarter. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CWAN. GAMMA Investing LLC grew its stake in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after acquiring an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at $57,000. R Squared Ltd purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth $80,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth $82,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after purchasing an additional 1,987 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

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.