Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $24.43 and last traded at $24.4050, with a volume of 2827060 shares changing hands. The stock had previously closed at $24.33.
Analyst Ratings Changes
CWAN has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.19.
View Our Latest Stock Analysis on Clearwater Analytics
Clearwater Analytics Stock Down 0.3%
Clearwater Analytics (NYSE:CWAN – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The business had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same quarter last year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 74.4% on a year-over-year basis. As a group, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.
Insider Activity
In other Clearwater Analytics news, CTO Souvik Das sold 14,686 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $349,526.80. Following the transaction, the chief technology officer owned 210,109 shares in the company, valued at $5,000,594.20. This trade represents a 6.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 21,631 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $514,817.80. Following the transaction, the chief financial officer owned 485,419 shares in the company, valued at $11,552,972.20. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 194,332 shares of company stock worth $4,634,362. Corporate insiders own 3.31% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after buying an additional 5,967,798 shares during the period. Wellington Management Group LLP increased its position in Clearwater Analytics by 108.7% during the 3rd quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after buying an additional 9,268,950 shares during the period. Price T Rowe Associates Inc. MD increased its position in Clearwater Analytics by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock worth $330,827,000 after buying an additional 1,459,150 shares during the period. Starboard Value LP bought a new position in Clearwater Analytics during the 4th quarter worth $240,212,000. Finally, Wasatch Advisors LP increased its position in Clearwater Analytics by 3.0% during the 2nd quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after buying an additional 274,664 shares during the period. Institutional investors own 50.10% of the company’s stock.
Clearwater Analytics Company Profile
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.
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