Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Average Recommendation of "Moderate Buy" by Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $33.80.

CWAN has been the topic of several research analyst reports. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their price target for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Royal Bank of Canada lifted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Morgan Stanley reissued an "overweight" rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. UBS Group upped their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th.

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Subi Sethi sold 62,482 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the sale, the insider now directly owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock valued at $18,688,862 over the last ninety days. Corporate insiders own 4.60% of the company's stock.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in Clearwater Analytics by 21.1% during the fourth quarter. California State Teachers Retirement System now owns 182,839 shares of the company's stock worth $5,032,000 after buying an additional 31,802 shares in the last quarter. Cim LLC raised its holdings in shares of Clearwater Analytics by 556.1% during the 4th quarter. Cim LLC now owns 60,748 shares of the company's stock worth $1,672,000 after acquiring an additional 51,489 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Clearwater Analytics during the 4th quarter valued at about $8,580,000. Mackenzie Financial Corp grew its holdings in shares of Clearwater Analytics by 21.7% in the fourth quarter. Mackenzie Financial Corp now owns 10,996 shares of the company's stock valued at $303,000 after purchasing an additional 1,960 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in Clearwater Analytics during the fourth quarter worth about $3,362,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Stock Up 2.3 %

CWAN traded up $0.62 during trading on Friday, hitting $27.11. The stock had a trading volume of 2,190,130 shares, compared to its average volume of 1,918,962. The stock has a 50 day simple moving average of $28.28 and a two-hundred day simple moving average of $27.85. 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 twelve month low of $15.62 and a twelve month high of $35.71. The company has a market capitalization of $6.80 billion, a PE ratio of 16.33, a PEG ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN - Get Free Report) 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 business 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%. On average, research analysts predict that Clearwater Analytics will post 0.18 earnings per share for the current year.

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.