Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.51 and last traded at $24.5150, with a volume of 9376388 shares trading hands. The stock had previously closed at $24.29.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on CWAN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 target price 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 research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.19.
View Our Latest Analysis on Clearwater Analytics
Clearwater Analytics Trading Up 0.9%
Clearwater Analytics (NYSE:CWAN – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company’s quarterly revenue was up 74.4% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.
Insider Buying and Selling
In related news, CRO Scott Stanley Erickson sold 18,790 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $447,202.00. Following the completion of the transaction, the executive directly owned 155,119 shares in the company, valued at approximately $3,691,832.20. The trade was a 10.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Subi Sethi sold 19,858 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $472,620.40. Following the sale, the insider directly owned 388,256 shares in the company, valued at $9,240,492.80. The trade was a 4.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 809,511 shares of company stock worth $19,601,350 in the last 90 days. 3.31% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CWAN. EverSource Wealth Advisors LLC increased its position in shares of Clearwater Analytics by 211.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after buying an additional 720 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Clearwater Analytics in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. lifted its stake in Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after purchasing an additional 1,186 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Clearwater Analytics in the 4th quarter worth approximately $33,000. Finally, Danske Bank A S bought a new position in Clearwater Analytics in the 3rd quarter valued at $36,000. 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.
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