Clearwater Analytics’ (CWAN) Equal Weight Rating Reaffirmed at Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Clearwater Analytics (NYSE:CWAN) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $24.55 price objective on the stock, down from their prior price objective of $27.00.

Other equities analysts have also recently issued research reports about the stock. Warburg Research set a $24.55 price target on shares of Clearwater Analytics in a research report on Monday, December 22nd. Loop Capital lowered Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their target price for the company from $25.00 to $24.55 in a report on Monday, December 22nd. Wall Street Zen cut Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. JPMorgan Chase & Co. lowered their price target on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Oppenheimer cut Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Clearwater Analytics has a consensus rating of “Hold” and a consensus price target of $27.21.

Clearwater Analytics Trading Up 0.0%

NYSE CWAN opened at $24.14 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics has a 52 week low of $15.73 and a 52 week high of $32.00. The business has a 50 day moving average price of $22.96 and a 200-day moving average price of $20.62. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 3.49 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly 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 business 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 business posted $0.14 EPS. The business’s revenue for the quarter was up 77.1% compared to the same quarter last year. As a group, equities analysts expect that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $24.14, for a total transaction of $451,418.00. Following the sale, the chief financial officer directly owned 395,697 shares in the company, valued at $9,552,125.58. The trade was a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Subi Sethi sold 25,646 shares of the stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $617,812.14. Following the transaction, the insider owned 277,189 shares of the company’s stock, valued at approximately $6,677,483.01. The trade was a 8.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 447,164 shares of company stock worth $10,590,768. 3.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Clearwater Analytics

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

About Clearwater Analytics

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.