Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $22.00.

A number of research firms have recently commented on CWAN. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price objective on shares of Clearwater Analytics in a report on Thursday, May 2nd. Wells Fargo & Company dropped their price objective on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Oppenheimer upgraded Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd.

Clearwater Analytics Price Performance

CWAN stock opened at $20.04 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.59 and a quick ratio of 5.59. The firm has a market capitalization of $4.92 billion, a P/E ratio of -250.50, a P/E/G ratio of 7.83 and a beta of 0.57. The business’s 50-day moving average is $19.07 and its two-hundred day moving average is $18.38. Clearwater Analytics has a 1 year low of $15.62 and a 1 year high of $21.89.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts anticipate that Clearwater Analytics will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $19.50, for a total value of $75,855.00. Following the transaction, the executive now directly owns 4,844 shares in the company, valued at approximately $94,458. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Clearwater Analytics news, CTO Souvik Das sold 25,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $18.92, for a total value of $473,000.00. Following the transaction, the chief technology officer now directly owns 10,453 shares in the company, valued at approximately $197,770.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $19.50, for a total value of $75,855.00. Following the completion of the transaction, the executive now owns 4,844 shares in the company, valued at $94,458. The disclosure for this sale can be found here. Insiders have sold 7,233,244 shares of company stock worth $142,594,162 in the last quarter. 2.10% of the stock is owned by insiders.

Institutional Trading of Clearwater Analytics

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its holdings in shares of Clearwater Analytics by 268.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after buying an additional 1,234 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Clearwater Analytics by 389.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after buying an additional 1,549 shares during the period. Eagle Bay Advisors LLC lifted its holdings in shares of Clearwater Analytics by 213.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after buying an additional 1,207 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Clearwater Analytics by 33.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after buying an additional 616 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at approximately $90,000. 50.10% of the stock is owned by institutional investors and hedge funds.

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.