Analysts Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Target Price at $22.00

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $21.70.

A number of equities analysts have weighed in on CWAN shares. Morgan Stanley restated an “equal weight” rating and set a $19.00 price objective on shares of Clearwater Analytics in a research report on Thursday. Wells Fargo & Company reduced their price objective on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday. Piper Sandler reaffirmed a “neutral” rating and set a $20.00 target price on shares of Clearwater Analytics in a research note on Thursday, February 29th. DA Davidson reiterated a “buy” rating and issued a $24.00 target price on shares of Clearwater Analytics in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday.

Clearwater Analytics Stock Up 2.8 %

CWAN opened at $17.66 on Wednesday. Clearwater Analytics has a 52 week low of $13.02 and a 52 week high of $21.89. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $17.01 and a two-hundred day simple moving average of $18.68. The company has a market capitalization of $4.32 billion, a PE ratio of -220.75, a price-to-earnings-growth ratio of 6.28 and a beta of 0.50.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.26%. The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts forecast that Clearwater Analytics will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $19.74, for a total transaction of $197,400.00. Following the completion of the transaction, the chief financial officer now directly owns 148,711 shares in the company, valued at approximately $2,935,555.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Clearwater Analytics news, CFO James S. Cox sold 10,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $19.74, for a total value of $197,400.00. Following the completion of the transaction, the chief financial officer now owns 148,711 shares in the company, valued at $2,935,555.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,310,000 shares of company stock valued at $275,809,400 over the last quarter. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWAN. Eagle Bay Advisors LLC grew its stake in shares of Clearwater Analytics by 213.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock worth $36,000 after purchasing an additional 1,207 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Clearwater Analytics by 389.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock worth $34,000 after acquiring an additional 1,549 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Clearwater Analytics by 33.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after acquiring an additional 616 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $90,000. Finally, RiverPark Advisors LLC raised its position in shares of Clearwater Analytics by 361.0% during the 1st quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock worth $95,000 after acquiring an additional 4,202 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.