Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $31.33.

A number of analysts have weighed in on CWAN shares. Piper Sandler increased their price objective on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer lifted 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. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th.

Clearwater Analytics Price Performance

Shares of CWAN opened at $28.40 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 fifty-two week low of $15.62 and a fifty-two week high of $35.71. The firm has a 50-day simple moving average of $28.50 and a 200-day simple moving average of $26.54. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 2,842.34, a price-to-earnings-growth ratio of 7.57 and a beta of 0.72.

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at $15,944,485.95. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total transaction of $503,778.00. Following the completion of the sale, the chief financial officer now owns 279,857 shares in the company, valued at $7,539,347.58. This represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 253,052 shares of company stock valued at $7,182,724. Corporate insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CWAN. Los Angeles Capital Management LLC increased its position in Clearwater Analytics by 47.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 20,970 shares of the company’s stock worth $577,000 after buying an additional 6,710 shares in the last quarter. Amalgamated Bank increased its position in Clearwater Analytics by 25.9% during the 4th quarter. Amalgamated Bank now owns 6,098 shares of the company’s stock worth $168,000 after purchasing an additional 1,254 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Clearwater Analytics by 46.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,040,188 shares of the company’s stock valued at $28,626,000 after purchasing an additional 328,542 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Clearwater Analytics in the 4th quarter valued at about $450,000. Finally, Olympiad Research LP acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $409,000. 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.