JPMorgan Chase & Co. Has Lowered Expectations for Clearwater Analytics (NYSE:CWAN) Stock Price

Clearwater Analytics (NYSE:CWAN) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $28.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 60.58% from the stock’s current price.

CWAN has been the subject of a number of other reports. The Goldman Sachs Group upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, August 11th. Weiss Ratings upgraded shares of Clearwater Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, UBS Group cut their price objective on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.56.

Clearwater Analytics Trading Up 1.9%

NYSE:CWAN opened at $16.19 on Thursday. The company has a market cap of $4.74 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 4.35 and a beta of 0.69. The company has a current ratio of 1.97, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $18.59 and a two-hundred day simple moving average of $20.74. Clearwater Analytics has a 12 month low of $15.73 and a 12 month high of $32.71.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The firm had revenue of $205.11 million for the quarter, compared to the consensus estimate of $203.66 million. During the same period in the previous year, the company earned $0.14 earnings per share. Clearwater Analytics’s quarterly revenue was up 77.1% compared to the same quarter last year. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that Clearwater Analytics will post 0.18 earnings per share for the current year.

Clearwater Analytics announced that its Board of Directors has approved a stock repurchase program on Wednesday, September 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO James S. Cox sold 11,275 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $19.51, for a total transaction of $219,975.25. Following the transaction, the chief financial officer directly owned 338,964 shares of the company’s stock, valued at $6,613,187.64. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Subi Sethi sold 7,434 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $131,433.12. Following the transaction, the insider owned 226,980 shares in the company, valued at approximately $4,013,006.40. This trade represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 143,602 shares of company stock worth $2,756,283 in the last ninety days. Corporate insiders own 3.31% of the company’s stock.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently modified their holdings of the business. Brown Advisory Inc. boosted its position in Clearwater Analytics by 15,661.6% in the first quarter. Brown Advisory Inc. now owns 1,407,040 shares of the company’s stock worth $37,709,000 after purchasing an additional 1,398,113 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Clearwater Analytics by 7.3% in the 1st quarter. Cerity Partners LLC now owns 11,598 shares of the company’s stock worth $311,000 after buying an additional 793 shares during the last quarter. Bosman Wealth Management LLC bought a new position in Clearwater Analytics during the first quarter valued at about $1,105,000. Xponance Inc. increased its holdings in Clearwater Analytics by 10.6% during the first quarter. Xponance Inc. now owns 14,085 shares of the company’s stock worth $377,000 after buying an additional 1,354 shares during the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in Clearwater Analytics in the first quarter worth about $620,000. 50.10% of the stock is owned by hedge funds and other 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.