Brokerages Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Target Price at $31.89

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.89.

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their price target for the company from $31.00 to $35.00 in a report on Friday, November 8th. Royal Bank of Canada raised their price objective on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Oppenheimer upped their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group lifted their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20. Following the transaction, the executive now directly owns 6,373 shares in the company, valued at $161,746.74. The trade was a 37.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $29.65, for a total transaction of $554,455.00. Following the completion of the sale, the chief financial officer now owns 214,044 shares of the company’s stock, valued at $6,346,404.60. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,942 shares of company stock worth $5,972,366. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of Clearwater Analytics

Several institutional investors and hedge funds have recently bought and sold shares of CWAN. Hood River Capital Management LLC acquired a new position in shares of Clearwater Analytics during the 2nd quarter worth approximately $43,280,000. Champlain Investment Partners LLC acquired a new position in shares of Clearwater Analytics in the third quarter valued at $53,559,000. State Street Corp raised its position in shares of Clearwater Analytics by 38.7% in the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after purchasing an additional 1,009,548 shares during the period. Wasatch Advisors LP lifted its stake in shares of Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after buying an additional 559,564 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $11,071,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $27.90 on Thursday. The stock’s fifty day simple moving average is $28.87 and its 200 day simple moving average is $24.37. 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 company has a market capitalization of $6.89 billion, a PE ratio of 2,792.79, a PEG ratio of 10.57 and a beta of 0.69. Clearwater Analytics has a 12 month low of $15.62 and a 12 month high of $35.71.

About Clearwater Analytics

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.