Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Consensus Rating of “Moderate Buy” by Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWANGet Free Report) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.70.

Several research firms have recently issued reports on CWAN. Wells Fargo & Company lowered their price target on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 target price on shares of Clearwater Analytics in a research note on Thursday, May 2nd. Piper Sandler reissued a “neutral” rating and set a $20.00 price target on shares of Clearwater Analytics in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd.

View Our Latest Analysis on Clearwater Analytics

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $18.93 on Thursday. The company has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $18.50. Clearwater Analytics has a fifty-two week low of $15.28 and a fifty-two week high of $21.89. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of -236.63, a P/E/G ratio of 7.25 and a beta of 0.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.59 and a current ratio of 5.59.

Clearwater Analytics (NYSE:CWANGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The company had revenue of $102.70 million during the quarter, compared to analyst estimates of $100.55 million. During the same quarter last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts expect that Clearwater Analytics will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 18,599 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $19.46, for a total value of $361,936.54. Following the transaction, the insider now owns 77,519 shares of the company’s stock, valued at $1,508,519.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Scott Stanley Erickson sold 118,204 shares of Clearwater Analytics stock in a transaction on Friday, June 7th. The shares were sold at an average price of $20.10, for a total transaction of $2,375,900.40. Following the transaction, the insider now owns 3,315 shares in the company, valued at approximately $66,631.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Subi Sethi sold 18,599 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $19.46, for a total value of $361,936.54. Following the completion of the sale, the insider now owns 77,519 shares of the company’s stock, valued at $1,508,519.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,193,079 shares of company stock worth $141,831,984. Insiders own 2.10% of the company’s stock.

Institutional Trading of Clearwater Analytics

Several hedge funds have recently bought and sold shares of CWAN. Advisors Asset Management Inc. raised its stake 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 worth $30,000 after buying an additional 1,234 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Clearwater Analytics by 389.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after purchasing an additional 1,549 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in Clearwater Analytics by 213.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after purchasing an additional 1,207 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Clearwater Analytics by 33.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock worth $49,000 after purchasing an additional 616 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Clearwater Analytics in the fourth quarter worth $90,000. Institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

(Get Free Report

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.

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Analyst Recommendations for Clearwater Analytics (NYSE:CWAN)

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