Analysts Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) PT at $31.89

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWANGet Free Report) have been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.89.

CWAN has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. DA Davidson cut Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their target price for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. Royal Bank of Canada boosted their price target on Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Oppenheimer raised their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd.

Check Out Our Latest Analysis on Clearwater Analytics

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $27.15 on Monday. 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 50 day moving average price of $29.37 and a 200-day moving average price of $25.40. Clearwater Analytics has a 52 week low of $15.62 and a 52 week high of $35.71. The firm has a market capitalization of $6.71 billion, a PE ratio of 2,717.72, a P/E/G ratio of 10.57 and a beta of 0.72.

Insiders Place Their Bets

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $29.65, for a total transaction of $554,455.00. Following the completion of the sale, the chief financial officer now 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 SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 441,724 shares in the company, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 203,052 shares of company stock worth $5,873,638 over the last three months. 4.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors have recently bought and sold shares of the stock. Hood River Capital Management LLC bought a new position in shares of Clearwater Analytics during the 2nd quarter valued at about $43,280,000. Champlain Investment Partners LLC bought a new position in Clearwater Analytics during the third quarter valued at approximately $53,559,000. State Street Corp grew its holdings in Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after buying an additional 1,009,548 shares in the last quarter. Wasatch Advisors LP grew its holdings in Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after buying an additional 559,564 shares in the last quarter. Finally, Stephens Investment Management Group LLC bought a new stake in Clearwater Analytics in the 3rd quarter worth approximately $11,071,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

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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