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

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) have received a consensus recommendation of "Hold" from the nine brokerages that are currently covering the stock, Marketbeat reports. One 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $31.89.

CWAN has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on Clearwater Analytics from $32.00 to $36.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Citigroup started coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a "buy" rating and a $28.00 price target for the company. Wells Fargo & Company increased 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. Finally, Morgan Stanley boosted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th.

Clearwater Analytics Price Performance

NYSE:CWAN traded up $0.50 during mid-day trading on Thursday, hitting $30.10. The company's stock had a trading volume of 1,890,112 shares, compared to its average volume of 1,680,365. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 3,010.00, a P/E/G ratio of 10.62 and a beta of 0.68. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The stock has a fifty day moving average of $28.61 and a 200-day moving average of $24.07.

Insider Transactions at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the company's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the completion of the sale, the executive now directly owns 6,373 shares of the company's stock, valued at $161,746.74. This represents a 37.90 % decrease in their position. The sale 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 Clearwater Analytics stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $24.44, for a total transaction of $457,028.00. Following the transaction, the chief financial officer now directly owns 227,503 shares in the company, valued at $5,560,173.32. The trade was a 7.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,942 shares of company stock worth $5,874,939 in the last quarter. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clearwater Analytics

Several large investors have recently modified their holdings of CWAN. Wasatch Advisors LP lifted its position in Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company's stock worth $457,909,000 after buying an additional 559,564 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Clearwater Analytics by 1.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,374,673 shares of the company's stock worth $210,659,000 after acquiring an additional 128,402 shares in the last quarter. William Blair Investment Management LLC boosted its position in Clearwater Analytics by 0.6% during the second quarter. William Blair Investment Management LLC now owns 10,430,794 shares of the company's stock valued at $193,178,000 after purchasing an additional 66,528 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Clearwater Analytics by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company's stock worth $171,156,000 after purchasing an additional 107,210 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company's stock worth $91,341,000 after purchasing an additional 1,009,548 shares in 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.