Clearwater Analytics (NYSE:CWAN) Shares Up 8.4% – Here’s Why

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) traded up 8.4% on Tuesday . The company traded as high as $18.40 and last traded at $18.0850. 3,102,571 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 3,673,306 shares. The stock had previously closed at $16.69.

Analysts Set New Price Targets

Several research firms recently weighed in on CWAN. UBS Group dropped their price target on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 6th. DA Davidson lowered their price target on shares of Clearwater Analytics from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Wells Fargo & Company cut their price objective on shares of Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Clearwater Analytics in a research report on Wednesday, September 17th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.56.

Clearwater Analytics Trading Up 10.6%

The business has a fifty day simple moving average of $18.51 and a 200-day simple moving average of $20.68. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 4.43 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data 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). The company had revenue of $205.11 million during the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. During the same quarter in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter 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. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics declared that its board has approved a share buyback program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CRO Scott Stanley Erickson sold 4,505 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $79,648.40. Following the sale, the executive directly owned 19,552 shares of the company’s stock, valued at approximately $345,679.36. This represents a 18.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Subi Sethi sold 7,434 shares of Clearwater Analytics stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $131,433.12. Following the transaction, the insider directly owned 226,980 shares of the company’s stock, valued at $4,013,006.40. This represents a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 143,602 shares of company stock valued at $2,756,283 over the last three months. Insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Several large investors have recently added to or reduced their stakes in CWAN. Cerity Partners LLC raised its holdings in shares of Clearwater Analytics by 7.3% in the 1st quarter. Cerity Partners LLC now owns 11,598 shares of the company’s stock worth $311,000 after acquiring an additional 793 shares during the last quarter. Xponance Inc. boosted its position in shares of Clearwater Analytics by 10.6% during the first quarter. Xponance Inc. now owns 14,085 shares of the company’s stock valued at $377,000 after buying an additional 1,354 shares during the last quarter. Arizona State Retirement System grew its holdings in Clearwater Analytics by 7.2% during the first quarter. Arizona State Retirement System now owns 61,299 shares of the company’s stock worth $1,643,000 after buying an additional 4,143 shares in the last quarter. CWM LLC lifted its stake in Clearwater Analytics by 714.6% during the 1st quarter. CWM LLC now owns 3,071 shares of the company’s stock valued at $82,000 after acquiring an additional 2,694 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Clearwater Analytics by 3.9% during the 1st quarter. Apollon Wealth Management LLC now owns 12,341 shares of the company’s stock worth $331,000 after acquiring an additional 459 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

About Clearwater Analytics

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.