Clearwater Analytics (NYSE:CWAN) Cut to “Equal Weight” at Wells Fargo & Company

Wells Fargo & Company lowered shares of Clearwater Analytics (NYSE:CWAN) from an overweight rating to an equal weight rating in a research note published on Thursday, MarketBeat reports. The brokerage currently has $24.55 price target on the stock, down from their prior price target of $27.00.

Several other equities research analysts have also recently commented on CWAN. UBS Group cut their price target on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Loop Capital downgraded Clearwater Analytics from a “buy” rating to a “hold” rating and lowered their target price for the company from $25.00 to $24.55 in a research report on Monday, December 22nd. Morgan Stanley reiterated an “overweight” rating and set a $27.00 target price on shares of Clearwater Analytics in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Finally, Oppenheimer lowered Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.42.

Clearwater Analytics Stock Up 0.1%

Shares of Clearwater Analytics stock opened at $24.13 on Thursday. The firm has a market cap of $7.06 billion, a PE ratio of 15.77, a P/E/G ratio of 3.49 and a beta of 0.66. The business’s 50 day simple moving average is $21.54 and its 200 day simple moving average is $20.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. Clearwater Analytics has a 52-week low of $15.73 and a 52-week high of $32.00.

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 analysts’ consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. During the same period last year, the company earned $0.14 EPS. The company’s revenue was up 77.1% compared to the same quarter last year. On average, analysts predict that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Clearwater Analytics

In related news, insider Subi Sethi sold 25,646 shares of the business’s stock in a transaction that occurred on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $617,812.14. Following the transaction, the insider directly owned 277,189 shares of the company’s stock, valued at approximately $6,677,483.01. The trade was a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 63,709 shares of the stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $1,534,749.81. Following the completion of the sale, the chief financial officer owned 400,691 shares in the company, valued at approximately $9,652,646.19. This trade represents a 13.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 429,739 shares of company stock worth $10,101,275 in the last three months. 3.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in Clearwater Analytics by 5.9% during the first quarter. Royal Bank of Canada now owns 491,562 shares of the company’s stock valued at $13,173,000 after purchasing an additional 27,462 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Clearwater Analytics by 1,027.1% during the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock worth $3,560,000 after buying an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Clearwater Analytics during the 1st quarter worth $208,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Clearwater Analytics by 9.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,373 shares of the company’s stock worth $2,985,000 after buying an additional 9,552 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in Clearwater Analytics in the first quarter valued at about $341,000. Institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.