DA Davidson Downgrades Clearwater Analytics (NYSE:CWAN) to Hold

Clearwater Analytics (NYSE:CWAN) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat.com reports. They presently have a $24.55 price objective on the stock. DA Davidson’s price objective would suggest a potential upside of 1.15% from the stock’s previous close.

A number of other equities research analysts have also commented on CWAN. Wells Fargo & Company lowered Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Warburg Research set a $24.55 price objective on shares of Clearwater Analytics in a research note on Monday, December 22nd. UBS Group cut 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 note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.93.

Clearwater Analytics Trading Up 0.3%

NYSE CWAN opened at $24.27 on Friday. Clearwater Analytics has a 12-month low of $15.73 and a 12-month high of $32.00. The company has a fifty day simple moving average of $22.26 and a two-hundred day simple moving average of $20.54. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. The stock has a market cap of $7.10 billion, a P/E ratio of 15.86, a P/E/G ratio of 3.51 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (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 firm had revenue of $205.11 million during the quarter, compared to analyst estimates of $203.66 million. During the same period in the previous year, the company earned $0.14 earnings per share. Clearwater Analytics’s revenue was up 77.1% on a year-over-year basis. On average, analysts forecast that Clearwater Analytics will post 0.18 earnings per share for the current year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 63,709 shares of Clearwater Analytics stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $1,534,749.81. Following the completion of the transaction, the chief financial officer owned 400,691 shares of the company’s stock, valued at approximately $9,652,646.19. The trade was a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 134,130 shares of the company’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the completion of the transaction, the chief executive officer owned 1,092,923 shares of the company’s stock, valued at approximately $26,328,515.07. This trade represents a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 428,464 shares of company stock valued at $10,139,350 in the last quarter. 3.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of Clearwater Analytics by 108.7% during the 3rd quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after buying an additional 9,268,950 shares during the period. Vanguard Group Inc. grew its stake in Clearwater Analytics by 21.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after acquiring an additional 5,967,798 shares during the period. Norges Bank purchased a new stake in Clearwater Analytics in the 2nd quarter worth $106,504,000. Hood River Capital Management LLC acquired a new position in Clearwater Analytics during the second quarter worth $99,105,000. Finally, Blair William & Co. IL lifted its holdings in Clearwater Analytics by 83.5% during the third quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock valued at $128,566,000 after purchasing an additional 3,245,986 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.