Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $30.67 Consensus Price Target from Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) has been assigned a consensus rating of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $30.67.

Several research firms have weighed in on CWAN. Wells Fargo & Company increased their price target on shares of Clearwater Analytics from $23.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on Clearwater Analytics from $28.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. DA Davidson downgraded Clearwater Analytics from a "buy" rating to a "neutral" rating and boosted their price target for the company from $31.00 to $35.00 in a research note on Friday, November 8th. Piper Sandler increased their price objective on Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Citigroup started coverage on Clearwater Analytics in a report on Monday, August 19th. They set a "buy" rating and a $28.00 target price for the company.

Clearwater Analytics Stock Performance

Clearwater Analytics stock traded up $0.04 during midday trading on Friday, reaching $30.49. 7,305,364 shares of the company's stock were exchanged, compared to its average volume of 2,628,173. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock's 50-day simple moving average is $26.42 and its 200 day simple moving average is $22.54. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 3,052.05, a P/E/G ratio of 10.89 and a beta of 0.61. Clearwater Analytics has a 52 week low of $15.62 and a 52 week high of $35.71.

Insider Activity at Clearwater Analytics

In other news, insider Subi Sethi sold 21,497 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total value of $522,377.10. Following the transaction, the insider now directly owns 81,812 shares of the company's stock, valued at $1,988,031.60. The trade was a 20.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the sale, the executive now owns 4,844 shares of the company's stock, valued at approximately $115,045. The trade was a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,854,883 shares of company stock worth $44,926,386 over the last ninety days. Insiders own 3.25% of the company's stock.

Institutional Trading of Clearwater Analytics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in Clearwater Analytics by 21.4% during the 1st quarter. Swiss National Bank now owns 288,300 shares of the company's stock valued at $5,100,000 after purchasing an additional 50,800 shares in the last quarter. Blair William & Co. IL increased its position in shares of Clearwater Analytics by 89.5% during the first quarter. Blair William & Co. IL now owns 41,756 shares of the company's stock worth $739,000 after acquiring an additional 19,717 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Clearwater Analytics by 17.2% in the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company's stock worth $267,676,000 after acquiring an additional 2,219,459 shares during the last quarter. Thornburg Investment Management Inc. lifted its position in Clearwater Analytics by 31.7% in the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company's stock valued at $5,860,000 after acquiring an additional 79,707 shares in the last quarter. Finally, MQS Management LLC boosted its stake in Clearwater Analytics by 17.4% during the 1st quarter. MQS Management LLC now owns 13,471 shares of the company's stock valued at $238,000 after purchasing an additional 1,995 shares during the last quarter. 50.10% of the stock is 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.