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

Clearwater Analytics Holdings, Inc. (NYSE:CWANGet Free Report) has earned an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $31.89.

Several analysts have issued reports on CWAN shares. Piper Sandler increased their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their target price 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 price target on Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $33.00 in a report on Thursday, November 7th.

Check Out Our Latest Research Report on CWAN

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 214,044 shares in the company, valued at approximately $6,346,404.60. This trade represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 441,724 shares in the company, valued at $12,783,492.56. This trade represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 company insiders.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently bought and sold shares of the company. Chartwell Investment Partners LLC lifted its stake in shares of Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after buying an additional 395 shares in the last quarter. GAMMA Investing LLC lifted its position in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares in the last quarter. IHT Wealth Management LLC lifted its position in Clearwater Analytics by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock valued at $288,000 after acquiring an additional 598 shares in the last quarter. Blair William & Co. IL boosted its stake in Clearwater Analytics by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after purchasing an additional 680 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Clearwater Analytics by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock worth $757,000 after purchasing an additional 828 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Performance

NYSE CWAN opened at $27.15 on Monday. The firm has a market cap of $6.71 billion, a P/E ratio of 2,717.72, a price-to-earnings-growth ratio of 10.57 and a beta of 0.72. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $29.37 and its 200-day moving average is $25.40. Clearwater Analytics has a 12-month low of $15.62 and a 12-month high of $35.71.

About Clearwater Analytics

(Get Free Report

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.

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Analyst Recommendations for Clearwater Analytics (NYSE:CWAN)

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