Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $32.00.

Several equities research analysts have recently issued reports on CWAN shares. Wells Fargo & Company decreased their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group raised their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Royal Bank of Canada increased their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00. Following the sale, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at approximately $17,016,073.65. The trade was a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total value of $433,279.00. Following the completion of the transaction, the chief financial officer now directly owns 358,885 shares of the company's stock, valued at approximately $8,315,365.45. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 644,510 shares of company stock valued at $18,478,363. 4.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clearwater Analytics

Several large investors have recently bought and sold shares of CWAN. CenterBook Partners LP bought a new stake in shares of Clearwater Analytics in the first quarter worth approximately $4,054,000. Charles Schwab Investment Management Inc. grew its position in Clearwater Analytics by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,693,532 shares of the company's stock worth $45,387,000 after purchasing an additional 32,966 shares during the period. Vanguard Group Inc. raised its stake in Clearwater Analytics by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company's stock valued at $623,001,000 after buying an additional 2,366,715 shares during the last quarter. Evolutionary Tree Capital Management LLC bought a new position in shares of Clearwater Analytics during the 1st quarter valued at $2,266,000. Finally, Blair William & Co. IL boosted its stake in shares of Clearwater Analytics by 44.4% in the 1st quarter. Blair William & Co. IL now owns 2,534,270 shares of the company's stock worth $67,918,000 after buying an additional 779,538 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Stock Performance

CWAN stock opened at $23.52 on Friday. 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 $6.66 billion, a PE ratio of 14.17, a P/E/G ratio of 8.23 and a beta of 0.79. The business has a 50 day moving average of $24.77 and a 200-day moving average of $27.41. Clearwater Analytics has a 12-month low of $17.63 and a 12-month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $126.86 million during the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. As a group, sell-side analysts expect that Clearwater Analytics will post 0.18 earnings per share for the current year.

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.

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