Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $31.89 Consensus PT from Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has earned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $31.89.

CWAN has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their target price on Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Oppenheimer raised their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th.

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $29.65, for a total value of $554,455.00. Following the sale, the chief financial officer now directly owns 214,044 shares in the company, valued at $6,346,404.60. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sandeep Sahai sold 139,172 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the transaction, the chief executive officer now directly owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,052 shares of company stock valued at $5,873,638. 4.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently made changes to their positions in CWAN. Hood River Capital Management LLC acquired a new position in Clearwater Analytics during the second quarter worth approximately $43,280,000. Champlain Investment Partners LLC bought a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $53,559,000. State Street Corp grew its stake in Clearwater Analytics by 38.7% in the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after buying an additional 1,009,548 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Clearwater Analytics by 3.2% during the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after purchasing an additional 559,564 shares during the period. Finally, Stephens Investment Management Group LLC bought a new position in Clearwater Analytics during the 3rd quarter worth $11,071,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock opened at $27.15 on Monday. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 2,717.72, a P/E/G ratio of 10.57 and a beta of 0.72. The firm’s 50-day moving average price is $29.35 and its two-hundred day moving average price is $25.29. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics has a 1-year low of $15.62 and a 1-year high of $35.71.

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.