Clearwater Analytics (NYSE:CWAN) Price Target Raised to $28.00 at Piper Sandler

Clearwater Analytics (NYSE:CWAN - Get Free Report) had its price objective boosted by Piper Sandler from $23.00 to $28.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Piper Sandler's price objective would indicate a potential downside of 16.44% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. Citigroup initiated coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a "buy" rating and a $28.00 price target on the stock. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Royal Bank of Canada upped their target price on shares of Clearwater Analytics from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 18th. Morgan Stanley lifted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, Oppenheimer boosted their price objective on Clearwater Analytics from $25.00 to $31.00 and gave the company an "outperform" rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.50.

Clearwater Analytics Price Performance

CWAN stock traded up $4.93 on Thursday, reaching $33.51. 4,324,718 shares of the company's stock were exchanged, compared to its average volume of 1,460,332. The stock has a fifty day moving average of $25.48 and a 200-day moving average of $21.78. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. The firm has a market cap of $8.25 billion, a PE ratio of -1,764.00, a P/E/G ratio of 9.53 and a beta of 0.61. Clearwater Analytics has a twelve month low of $15.62 and a twelve month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The firm had revenue of $115.83 million during the quarter, compared to the consensus estimate of $113.37 million. As a group, equities analysts predict that Clearwater Analytics will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total value of $489,192.00. Following the transaction, the chief financial officer now owns 224,044 shares of the company's stock, valued at $5,860,991.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total value of $489,192.00. Following the completion of the sale, the chief financial officer now owns 224,044 shares in the company, valued at approximately $5,860,991.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James S. Cox sold 13,700 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $323,868.00. Following the sale, the chief financial officer now owns 232,503 shares in the company, valued at approximately $5,496,370.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,864,693 shares of company stock worth $45,128,342. Company insiders own 3.46% of the company's stock.

Hedge Funds Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently bought and sold shares of CWAN. Advisors Asset Management Inc. increased its position in shares of Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company's stock valued at $30,000 after acquiring an additional 1,234 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter worth approximately $45,000. Financial Management Professionals Inc. bought a new position in shares of Clearwater Analytics during the 3rd quarter valued at approximately $58,000. Benjamin F. Edwards & Company Inc. boosted its stake in Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock valued at $81,000 after buying an additional 2,425 shares during the period. Finally, Amalgamated Bank bought a new position in Clearwater Analytics during the second quarter valued at approximately $90,000. Institutional investors 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.