Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives Average Recommendation of "Hold" from Brokerages

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) have earned an average recommendation of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $31.89.

CWAN has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Morgan Stanley lifted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their price target for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Finally, DA Davidson lowered Clearwater Analytics from a "buy" rating to a "neutral" rating and increased their target price for the stock from $31.00 to $35.00 in a research note on Friday, November 8th.

Clearwater Analytics Stock Down 2.4 %

NYSE CWAN traded down $0.68 during trading hours on Monday, hitting $27.18. 1,417,502 shares of the company traded hands, compared to its average volume of 1,347,767. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 2,720.72, a P/E/G ratio of 10.57 and a beta of 0.72. Clearwater Analytics has a twelve month low of $15.62 and a twelve month high of $35.71. The business's 50-day moving average is $29.32 and its 200-day moving average is $25.21. 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 related news, CRO Scott Stanley Erickson sold 3,890 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.34, for a total transaction of $121,912.60. Following the sale, the executive now 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 legal filing with the SEC, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $29.65, for a total value of $554,455.00. Following the completion of the transaction, the chief financial officer now directly owns 214,044 shares of the company's stock, valued at approximately $6,346,404.60. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,942 shares of company stock valued at $5,972,366 over the last quarter. 4.60% of the stock is owned by corporate insiders.

Institutional Trading of Clearwater Analytics

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chartwell Investment Partners LLC boosted its position in Clearwater Analytics by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company's stock worth $1,233,000 after buying an additional 395 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Clearwater Analytics by 57.4% during the fourth 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. IHT Wealth Management LLC lifted its holdings in shares of Clearwater Analytics by 5.5% during the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock worth $288,000 after purchasing an additional 598 shares during the period. Blair William & Co. IL increased its holdings in Clearwater Analytics by 1.6% in the second quarter. Blair William & Co. IL now owns 42,436 shares of the company's stock valued at $786,000 after purchasing an additional 680 shares during the period. Finally, Arizona State Retirement System raised its position in Clearwater Analytics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company's stock worth $757,000 after purchasing an additional 828 shares during the last quarter. 50.10% of the stock is currently owned by 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.