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

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have received a consensus rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.1682.

Several brokerages have issued reports on CWAN. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a report on Thursday, February 19th. Weiss Ratings downgraded Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Jefferies Financial Group downgraded Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company downgraded Clearwater Analytics from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $27.00 to $24.55 in a report on Thursday, January 8th.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 51,967 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $1,236,814.60. Following the completion of the sale, the chief executive officer owned 1,415,619 shares of the company’s stock, valued at $33,691,732.20. This trade represents a 3.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Subi Sethi sold 19,858 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $472,620.40. Following the sale, the insider directly owned 388,256 shares of the company’s stock, valued at $9,240,492.80. This represents a 4.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 780,842 shares of company stock worth $18,358,880. 3.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently modified their holdings of CWAN. Starboard Value LP acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $240,212,000. Wellington Management Group LLP lifted its holdings in shares of Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after buying an additional 9,268,950 shares in the last quarter. Norges Bank acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $184,271,000. Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics by 21.9% during the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after buying an additional 5,967,798 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Clearwater Analytics by 1,757.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,487,790 shares of the company’s stock worth $84,125,000 after buying an additional 3,300,037 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $24.26 on Friday. Clearwater Analytics has a 1-year low of $15.73 and a 1-year high of $25.07. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $23.68 and a 200 day simple moving average of $22.47. The stock has a market capitalization of $7.17 billion, a PE ratio of -173.24, a P/E/G ratio of 3.39 and a beta of 0.61.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.