Piper Sandler Has Lowered Expectations for Clearwater Analytics (NYSE:CWAN) Stock Price

Clearwater Analytics (NYSE:CWAN - Get Free Report) had its target price decreased by stock analysts at Piper Sandler from $36.00 to $28.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price target indicates a potential upside of 23.10% from the company's current price.

Several other equities research analysts have also commented on CWAN. Morgan Stanley restated an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada raised their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company reduced their price target on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. 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 note on Thursday, February 20th. Finally, JPMorgan Chase & Co. began coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target for the company. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Clearwater Analytics Trading Up 0.1 %

Shares of CWAN stock traded up $0.03 on Thursday, reaching $22.75. 1,019,286 shares of the company's stock were exchanged, compared to its average volume of 2,234,581. The company's fifty day simple moving average is $25.35 and its 200 day simple moving average is $27.52. Clearwater Analytics has a 52 week low of $17.27 and a 52 week high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $5.71 billion, a PE ratio of 13.68, a P/E/G ratio of 8.23 and a beta of 0.79.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm's revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. As a group, analysts forecast that Clearwater Analytics will post 0.18 EPS for the current year.

Insider Buying and Selling at Clearwater Analytics

In related news, insider Subi Sethi sold 62,482 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the completion of the sale, the chief executive officer now owns 876,754 shares of the company's stock, valued at approximately $20,244,249.86. The trade was a 5.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 644,510 shares of company stock valued at $18,478,363. 4.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Clearwater Analytics by 1,600.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock worth $39,690,000 after purchasing an additional 1,357,425 shares during the period. Alliancebernstein L.P. boosted its position in shares of Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after purchasing an additional 2,931,445 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Clearwater Analytics in the 4th quarter valued at approximately $1,112,000. Stephens Investment Management Group LLC raised its position in Clearwater Analytics by 189.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after purchasing an additional 830,684 shares during the period. Finally, Moody Aldrich Partners LLC boosted its position in shares of Clearwater Analytics by 32.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company's stock worth $10,634,000 after buying an additional 94,454 shares during the period. 50.10% of the stock is currently 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.