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

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One equities research 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 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.33.

A number of analysts have recently commented on CWAN shares. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Oppenheimer increased their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. Royal Bank of Canada lowered their price target on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group increased their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th.

Insider Buying and Selling at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the sale, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the transaction, the chief financial officer now owns 279,857 shares in the company, valued at approximately $7,539,347.58. The trade was a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 253,052 shares of company stock valued at $7,182,724 over the last quarter. 4.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics during the third quarter worth approximately $45,000. Arcadia Investment Management Corp MI purchased a new position in Clearwater Analytics during the fourth quarter worth approximately $57,000. Financial Management Professionals Inc. purchased a new position in Clearwater Analytics during the third quarter worth approximately $58,000. Finally, R Squared Ltd purchased a new position in Clearwater Analytics during the fourth quarter worth approximately $80,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Up 1.4 %

Shares of CWAN opened at $29.07 on Friday. Clearwater Analytics has a 52 week low of $15.62 and a 52 week high of $35.71. 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 has a market capitalization of $7.18 billion, a price-to-earnings ratio of 2,909.41, a PEG ratio of 7.57 and a beta of 0.72. The stock’s 50-day moving average price is $28.41 and its 200-day moving average price is $26.57.

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.