Brokerages Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Target Price at $31.33

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $31.33.

Several research analysts have issued reports on the company. Piper Sandler upped their price target on Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Morgan Stanley raised shares of Clearwater Analytics from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $30.00 to $34.00 in a research note on Friday, January 17th. Royal Bank of Canada lowered their price target 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. The Goldman Sachs Group upped their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th.

Clearwater Analytics Price Performance

NYSE:CWAN traded up $0.31 during midday trading on Friday, hitting $28.47. 1,702,933 shares of the stock were exchanged, compared to its average volume of 2,067,806. Clearwater Analytics has a one year low of $15.62 and a one year high of $35.71. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 2,849.35, a P/E/G ratio of 7.57 and a beta of 0.72. The business has a 50-day moving average price of $28.66 and a two-hundred day moving average price of $26.42. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Insider Activity

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the sale, the chief financial officer now directly owns 279,857 shares of the company's stock, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sandeep Sahai sold 139,172 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the sale, the chief executive officer now directly owns 441,724 shares in the company, valued at $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Clearwater Analytics in the third quarter valued at approximately $3,677,000. Loomis Sayles & Co. L P grew its holdings in Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock worth $83,186,000 after acquiring an additional 327,880 shares during the period. Swiss National Bank grew its holdings in Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company's stock worth $7,901,000 after acquiring an additional 24,600 shares during the period. Aigen Investment Management LP acquired a new stake in Clearwater Analytics during the 3rd quarter worth $523,000. Finally, Principal Financial Group Inc. grew its holdings in Clearwater Analytics by 348.3% during the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company's stock worth $2,141,000 after acquiring an additional 65,878 shares during the period. Institutional investors and hedge funds own 50.10% of the company's stock.

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.