Clearwater Analytics (NYSE:CWAN) Stock Rating Upgraded by Morgan Stanley

Clearwater Analytics (NYSE:CWAN) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Friday, Marketbeat reports. The brokerage currently has a $34.00 price target on the stock, up from their prior price target of $30.00. Morgan Stanley’s price target indicates a potential upside of 21.40% from the company’s current price.

CWAN has been the topic of several other reports. Wells Fargo & Company upped their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Royal Bank of Canada reduced their target price on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Oppenheimer increased their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler increased their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics presently has an average rating of “Moderate Buy” and an average target price of $31.33.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $28.01 on Friday. The firm’s 50 day moving average price is $29.12 and its 200-day moving average price is $25.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics has a one year low of $15.62 and a one year high of $35.71. The firm has a market cap of $6.92 billion, a P/E ratio of 2,803.40, a P/E/G ratio of 7.27 and a beta of 0.72.

Insider Buying and Selling at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction 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 transaction, the executive now directly owns 6,373 shares of the company’s stock, valued at $199,729.82. This trade represents a 37.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the completion of the transaction, the chief financial officer now directly owns 279,857 shares in the company, valued at $7,539,347.58. This trade represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 253,052 shares of company stock valued at $7,182,724. Insiders own 4.60% of the company’s stock.

Institutional Trading of Clearwater Analytics

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter worth $45,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter worth $58,000. Nisa Investment Advisors LLC boosted its stake in Clearwater Analytics by 174.1% during the 4th 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 during the period. Finally, Advisors Asset Management Inc. boosted its stake in Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.