UBS Group Lowers Clearwater Analytics (NYSE:CWAN) Price Target to $30.00

Clearwater Analytics (NYSE:CWAN) had its price target decreased by investment analysts at UBS Group from $35.00 to $30.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 85.29% from the company’s current price.

Several other equities analysts have also recently commented on CWAN. The Goldman Sachs Group upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, August 11th. Weiss Ratings raised shares of Clearwater Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. DA Davidson reduced their target price on shares of Clearwater Analytics from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a report on Wednesday, September 17th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.56.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $16.19 on Thursday. The business has a 50 day moving average price of $18.59 and a 200 day moving average price of $20.74. Clearwater Analytics has a twelve month low of $15.73 and a twelve month high of $32.71. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 4.35 and a beta of 0.69. The company has a quick ratio of 2.02, a current ratio of 1.97 and a debt-to-equity ratio of 0.42.

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

Clearwater Analytics announced that its board has authorized a stock repurchase plan on Wednesday, September 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 11,275 shares of Clearwater Analytics stock in a transaction on Monday, September 15th. The stock was sold at an average price of $19.51, for a total transaction of $219,975.25. Following the completion of the transaction, the chief financial officer directly owned 338,964 shares of the company’s stock, valued at approximately $6,613,187.64. This trade represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sandeep Sahai sold 46,962 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $20.12, for a total transaction of $944,875.44. Following the completion of the sale, the chief executive officer owned 895,663 shares in the company, valued at $18,020,739.56. This represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 143,602 shares of company stock valued at $2,756,283. 3.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Clearwater Analytics

Large investors have recently made changes to their positions in the business. CenterBook Partners LP increased its stake in shares of Clearwater Analytics by 20.3% in the third quarter. CenterBook Partners LP now owns 29,558 shares of the company’s stock valued at $533,000 after buying an additional 4,994 shares in the last quarter. Advisors Capital Management LLC bought a new stake in Clearwater Analytics during the 3rd quarter worth about $2,251,000. Vanguard Group Inc. increased its position in Clearwater Analytics by 21.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after acquiring an additional 5,967,798 shares in the last quarter. JPMorgan Chase & Co. increased its position in Clearwater Analytics by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,853,859 shares of the company’s stock valued at $123,507,000 after acquiring an additional 1,079,574 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Clearwater Analytics by 27.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 108,524 shares of the company’s stock worth $1,956,000 after acquiring an additional 23,608 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

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.