Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) has received a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.9833.
A number of equities analysts recently issued reports on the company. DA Davidson restated a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd.
Get Our Latest Stock Analysis on CWAN
Clearwater Analytics Price Performance
Clearwater Analytics (NYSE:CWAN – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $221.23 million during the quarter, compared to analysts’ expectations of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The business’s quarterly revenue was up 74.4% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share. Analysts anticipate that Clearwater Analytics will post 0.36 EPS for the current year.
Insider Transactions at Clearwater Analytics
In related news, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the sale, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. The SEC filing for this sale provides additional information. Insiders have sold 653,879 shares of company stock valued at $15,890,160 in the last ninety days. Corporate insiders own 3.31% of the company’s stock.
Institutional Trading of Clearwater Analytics
Several large investors have recently made changes to their positions in CWAN. EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 720 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Clearwater Analytics in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. grew its position in Clearwater Analytics by 627.5% during 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 during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Clearwater Analytics during the 4th quarter worth about $33,000. Finally, Danske Bank A S purchased a new position in shares of Clearwater Analytics during the 3rd quarter valued at about $36,000. 50.10% of the stock is owned by hedge funds and other institutional investors.
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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