Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Consensus Recommendation of “Hold” by Brokerages

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been given an average rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.89.

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Citigroup started coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 price target for the company. Oppenheimer upped their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler lifted their target price on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Clearwater Analytics Stock Up 2.0 %

CWAN opened at $29.60 on Thursday. 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’s fifty day simple moving average is $28.50 and its 200 day simple moving average is $24.03. Clearwater Analytics has a 1-year low of $15.62 and a 1-year high of $35.71. The stock has a market cap of $7.31 billion, a PE ratio of 2,960.00, a price-to-earnings-growth ratio of 10.62 and a beta of 0.68.

Insider Buying and Selling

In other news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $24.44, for a total value of $457,028.00. Following the completion of the transaction, the chief financial officer now owns 227,503 shares of the company’s stock, valued at approximately $5,560,173.32. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sandeep Sahai sold 139,172 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the completion of the sale, the chief executive officer now owns 441,724 shares in the company, valued at approximately $12,783,492.56. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 206,942 shares of company stock valued at $5,874,939 over the last quarter. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently bought and sold shares of CWAN. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics during the third quarter valued at about $45,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter worth approximately $58,000. Advisors Asset Management Inc. grew its holdings in Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after acquiring an additional 995 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Clearwater Analytics in the 3rd quarter valued at approximately $117,000. Institutional investors 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.