Clearwater Analytics (NYSE:CWAN) Coverage Initiated by Analysts at UBS Group

UBS Group began coverage on shares of Clearwater Analytics (NYSE:CWAN) in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $24.00 target price on the stock.

A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group increased their price target on Clearwater Analytics from $14.00 to $16.00 and gave the company a sell rating in a research report on Thursday, August 3rd. Loop Capital upgraded Clearwater Analytics from a hold rating to a buy rating and raised their price objective for the stock from $20.00 to $25.00 in a research report on Monday, September 25th. DA Davidson raised their price objective on Clearwater Analytics from $22.00 to $24.00 and gave the stock a buy rating in a research report on Friday, September 8th. Piper Sandler restated a neutral rating and set a $20.00 price objective on shares of Clearwater Analytics in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada restated an outperform rating and set a $22.00 price objective on shares of Clearwater Analytics in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Clearwater Analytics presently has an average rating of Moderate Buy and an average price target of $21.86.

Clearwater Analytics Trading Up 3.2 %

NYSE:CWAN opened at $18.74 on Tuesday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 0.13. Clearwater Analytics has a 1-year low of $13.02 and a 1-year high of $20.74. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of -170.36 and a beta of 0.39. The stock has a fifty day simple moving average of $19.15 and a 200 day simple moving average of $17.25.

Insider Activity

In other news, CFO James S. Cox sold 10,000 shares of Clearwater Analytics stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $19.14, for a total transaction of $191,400.00. Following the completion of the sale, the chief financial officer now directly owns 77,372 shares in the company, valued at approximately $1,480,900.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $19.14, for a total value of $957,000.00. Following the transaction, the chief executive officer now directly owns 34,450 shares of the company’s stock, valued at approximately $659,373. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James S. Cox sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $19.14, for a total value of $191,400.00. Following the completion of the transaction, the chief financial officer now directly owns 77,372 shares in the company, valued at $1,480,900.08. The disclosure for this sale can be found here. Insiders sold a total of 176,284 shares of company stock worth $3,354,140 in the last three months. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CWAN. Fifth Third Bancorp increased its position in Clearwater Analytics by 67.5% in the 1st quarter. Fifth Third Bancorp now owns 1,732 shares of the company’s stock worth $28,000 after buying an additional 698 shares during the period. BNP Paribas Arbitrage SNC bought a new stake in shares of Clearwater Analytics during the third quarter valued at approximately $32,000. UBS Group AG increased its position in shares of Clearwater Analytics by 1,129.0% during the second quarter. UBS Group AG now owns 2,163 shares of the company’s stock valued at $26,000 after purchasing an additional 1,987 shares during the period. Captrust Financial Advisors increased its position in shares of Clearwater Analytics by 35.3% during the first quarter. Captrust Financial Advisors now owns 2,663 shares of the company’s stock valued at $56,000 after purchasing an additional 695 shares during the period. Finally, Ensign Peak Advisors Inc bought a new stake in shares of Clearwater Analytics during the third quarter valued at approximately $49,000. 50.10% of the stock is owned by institutional investors.

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.