Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $30.67 Average Target Price from Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has received an average recommendation of “Hold” from the nine research firms that are currently covering the company, 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 brokerages that have updated their coverage on the stock in the last year is $31.11.

Several research analysts have commented on the company. Wells Fargo & Company lifted their target price on Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. DA Davidson downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their target price for the company from $31.00 to $35.00 in a research report on Friday, November 8th. Oppenheimer raised their price target on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lifted their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $31.94 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics has a 52 week low of $15.62 and a 52 week high of $35.71. The firm has a market cap of $7.89 billion, a PE ratio of 3,194.00, a price-to-earnings-growth ratio of 11.34 and a beta of 0.61. The firm’s fifty day moving average is $27.15 and its 200-day moving average is $22.94.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $24.44, for a total value of $457,028.00. Following the transaction, the chief financial officer now directly owns 227,503 shares in the company, valued at $5,560,173.32. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.75, for a total transaction of $92,387.50. Following the sale, the executive now owns 4,844 shares of the company’s stock, valued at $115,045. This trade represents a 44.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,852,086 shares of company stock valued at $44,971,367. Corporate insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CWAN. Swiss National Bank raised its holdings in shares of Clearwater Analytics by 21.4% in the 1st quarter. Swiss National Bank now owns 288,300 shares of the company’s stock worth $5,100,000 after acquiring an additional 50,800 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Clearwater Analytics by 89.5% in the first quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock worth $739,000 after purchasing an additional 19,717 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics by 17.2% in the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after purchasing an additional 2,219,459 shares in the last quarter. Thornburg Investment Management Inc. boosted its position in shares of Clearwater Analytics by 31.7% during the first quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock valued at $5,860,000 after buying an additional 79,707 shares during the last quarter. Finally, MQS Management LLC grew its holdings in Clearwater Analytics by 17.4% during the first quarter. MQS Management LLC now owns 13,471 shares of the company’s stock worth $238,000 after buying an additional 1,995 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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.