Brokerages Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Price Target at $33.80

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $33.80.

Several brokerages have recently weighed in on CWAN. Wells Fargo & Company upped their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. UBS Group boosted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group boosted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th.

Clearwater Analytics Trading Down 2.5 %

Shares of Clearwater Analytics stock opened at $30.33 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72. The business has a fifty day simple moving average of $28.20 and a 200-day simple moving average of $27.45. Clearwater Analytics has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, equities analysts forecast that Clearwater Analytics will post 0.18 EPS for the current fiscal year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 76,256 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $2,293,017.92. Following the transaction, the executive now directly owns 78,363 shares of the company’s stock, valued at $2,356,375.41. This represents a 49.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 139,172 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the transaction, the chief executive officer now directly owns 441,724 shares in the company, valued at approximately $12,783,492.56. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 733,431 shares of company stock valued at $21,444,493. Company insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CWAN. GAMMA Investing LLC increased its position in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics during the 4th quarter worth about $57,000. Financial Management Professionals Inc. bought a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $58,000. R Squared Ltd bought a new stake in shares of Clearwater Analytics during the 4th quarter worth about $80,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Clearwater Analytics during the 4th quarter worth about $82,000. 50.10% of the stock is owned by institutional investors and hedge funds.

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.