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

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) have been given an average rating of "Moderate Buy" by the nine brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $25.67.

CWAN has been the topic of several analyst reports. Royal Bank of Canada boosted their price objective on Clearwater Analytics from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 18th. Wells Fargo & Company increased their price target on Clearwater Analytics from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Oppenheimer lifted their price objective on shares of Clearwater Analytics from $25.00 to $31.00 and gave the stock an "outperform" rating in a research note on Monday, October 7th. Morgan Stanley boosted their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Finally, Citigroup assumed coverage on shares of Clearwater Analytics in a report on Monday, August 19th. They issued a "buy" rating and a $28.00 target price for the company.

Clearwater Analytics Stock Down 0.3 %

NYSE CWAN opened at $26.95 on Wednesday. The stock has a 50 day moving average price of $24.93 and a 200-day moving average price of $21.02. Clearwater Analytics has a one year low of $15.62 and a one year high of $27.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.78 and a current ratio of 4.78. The company has a market capitalization of $6.62 billion, a P/E ratio of -336.88, a P/E/G ratio of 9.16 and a beta of 0.62.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The business had revenue of $106.79 million during the quarter, compared to analyst estimates of $105.51 million. During the same quarter last year, the business earned ($0.03) earnings per share. Clearwater Analytics's quarterly revenue was up 18.8% compared to the same quarter last year. As a group, equities analysts predict that Clearwater Analytics will post 0.14 EPS for the current fiscal year.

Insider Activity

In other Clearwater Analytics news, Director Warburg Pincus Llc sold 9,000,000 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $22.41, for a total transaction of $201,690,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CRO Scott Stanley Erickson sold 3,890 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the transaction, the executive now owns 4,844 shares of the company's stock, valued at $115,045. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Warburg Pincus Llc sold 9,000,000 shares of the company's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $22.41, for a total value of $201,690,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,879,543 shares of company stock valued at $247,145,339. Corporate insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Thornburg Investment Management Inc. raised its stake in shares of Clearwater Analytics by 31.7% during the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company's stock worth $5,860,000 after acquiring an additional 79,707 shares in the last quarter. California State Teachers Retirement System grew its stake in Clearwater Analytics by 22.3% during the 1st quarter. California State Teachers Retirement System now owns 131,341 shares of the company's stock worth $2,323,000 after buying an additional 23,971 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Clearwater Analytics during the 1st quarter valued at about $825,000. Allspring Global Investments Holdings LLC raised its stake in Clearwater Analytics by 28.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,359,848 shares of the company's stock valued at $77,126,000 after buying an additional 971,920 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Clearwater Analytics by 234.2% in the first quarter. Jane Street Group LLC now owns 265,818 shares of the company's stock worth $4,702,000 after acquiring an additional 186,273 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

About Clearwater Analytics

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.