Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $32.40 Consensus PT from Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.40.

A number of equities research analysts have commented on the stock. UBS Group lifted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. The Goldman Sachs Group started coverage on shares of Clearwater Analytics in a research report on Monday, May 19th. They set a "neutral" rating and a $26.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Piper Sandler reduced their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total transaction of $1,328,000.00. Following the completion of the sale, the chief executive officer now directly owns 857,798 shares of the company's stock, valued at $22,783,114.88. This trade represents a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the sale, the executive now owns 7,902 shares in the company, valued at approximately $218,490.30. The trade was a 34.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,175 shares of company stock valued at $5,040,744 over the last three months. Corporate insiders own 3.31% of the company's stock.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nvwm LLC purchased a new stake in Clearwater Analytics in the 1st quarter worth $46,000. Quarry LP lifted its position in shares of Clearwater Analytics by 979.4% in the first quarter. Quarry LP now owns 2,094 shares of the company's stock worth $56,000 after buying an additional 1,900 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics during the fourth quarter valued at approximately $57,000. Aster Capital Management DIFC Ltd bought a new position in Clearwater Analytics during the fourth quarter valued at approximately $82,000. Finally, CWM LLC grew its holdings 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 buying an additional 2,694 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Up 1.2%

Shares of CWAN stock traded up $0.27 during mid-day trading on Thursday, hitting $23.93. The company's stock had a trading volume of 4,068,572 shares, compared to its average volume of 2,410,640. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 8.23 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics has a 52-week low of $17.63 and a 52-week high of $35.71. The business has a 50-day moving average price of $23.14 and a 200 day moving average price of $26.70.

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

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.