Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $29.5556.

CWAN has been the subject of several research analyst reports. The Goldman Sachs Group upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, August 11th. Wall Street Zen lowered shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. UBS Group lowered their price objective on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th.

Insider Activity at Clearwater Analytics

In other news, CTO Souvik Das sold 5,327 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $94,181.36. Following the transaction, the chief technology officer owned 136,066 shares in the company, valued at $2,405,646.88. This represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Subi Sethi sold 7,434 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $131,433.12. Following the completion of the transaction, the insider directly owned 226,980 shares in the company, valued at approximately $4,013,006.40. The trade was a 3.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 113,302 shares of company stock valued at $2,207,626 in the last 90 days. 3.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Cim LLC increased its stake in shares of Clearwater Analytics by 0.8% in the 3rd quarter. Cim LLC now owns 66,184 shares of the company’s stock worth $1,193,000 after purchasing an additional 557 shares in the last quarter. Redwood Investments LLC lifted its position in Clearwater Analytics by 0.8% during the first quarter. Redwood Investments LLC now owns 74,651 shares of the company’s stock valued at $2,001,000 after purchasing an additional 608 shares in the last quarter. Hilltop National Bank grew its holdings in Clearwater Analytics by 12.6% during the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock valued at $100,000 after purchasing an additional 619 shares during the period. Essex Investment Management Co. LLC increased its position in Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after buying an additional 640 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after buying an additional 708 shares during the period. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $21.74 on Thursday. The firm has a market cap of $6.36 billion, a P/E ratio of 14.21, a PEG ratio of 5.82 and a beta of 0.69. Clearwater Analytics has a twelve month low of $15.73 and a twelve month high of $32.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $18.65 and a 200 day moving average of $20.49.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 77.1% on a year-over-year basis. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Clearwater Analytics will post 0.18 EPS for the current fiscal year.

Clearwater Analytics announced that its Board of Directors has approved a stock buyback program on Wednesday, September 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.