Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $31.11.

Several research analysts have recently commented on CWAN shares. Oppenheimer lifted their target price on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler upped their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Finally, DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their price target for the company from $31.00 to $35.00 in a report on Friday, November 8th.

Clearwater Analytics Trading Up 0.6 %

Shares of NYSE:CWAN opened at $31.94 on Friday. Clearwater Analytics has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market capitalization of $7.89 billion, a P/E ratio of 3,194.00, a price-to-earnings-growth ratio of 11.34 and a beta of 0.61. The company has a 50-day simple moving average of $27.15 and a 200 day simple moving average of $22.94.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the sale, the executive now owns 4,844 shares of the company’s stock, valued at approximately $115,045. This trade represents a 44.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the business’s 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 of the company’s stock, valued at $5,560,173.32. This trade represents a 7.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,852,086 shares of company stock valued at $44,971,367 in the last three months. Corporate insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CWAN. Thornburg Investment Management Inc. boosted its stake in shares of Clearwater Analytics by 31.7% in the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock valued at $5,860,000 after purchasing an additional 79,707 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Clearwater Analytics by 22.3% during the first quarter. California State Teachers Retirement System now owns 131,341 shares of the company’s stock worth $2,323,000 after buying an additional 23,971 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Clearwater Analytics by 234.2% during the first quarter. Jane Street Group LLC now owns 265,818 shares of the company’s stock worth $4,702,000 after buying an additional 186,273 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Clearwater Analytics during the 2nd quarter valued at $1,797,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Clearwater Analytics during the 3rd quarter valued at $3,677,000. Institutional investors own 50.10% of the company’s stock.

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.