Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $31.33 Average Target Price from Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $31.33.

A number of equities research analysts have commented on the company. The Goldman Sachs Group lifted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Royal Bank of Canada dropped their price objective on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Oppenheimer lifted their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th.

Clearwater Analytics Price Performance

NYSE: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 P/E ratio of 2,909.41, a P/E/G ratio of 7.57 and a beta of 0.72. The stock’s fifty day moving average is $28.41 and its two-hundred day moving average is $26.57.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 50,000 shares of the business’s 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 directly 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 document filed with the SEC, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $31.34, for a total value of $121,912.60. Following the transaction, the executive now directly owns 6,373 shares of the company’s stock, valued at approximately $199,729.82. This represents a 37.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 253,052 shares of company stock valued at $7,182,724 in the last three months. 4.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CWAN. Champlain Investment Partners LLC acquired a new position in shares of Clearwater Analytics during the 3rd quarter worth about $53,559,000. Principal Financial Group Inc. boosted its position in shares of Clearwater Analytics by 1,600.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock worth $39,690,000 after acquiring an additional 1,357,425 shares in the last quarter. State Street Corp boosted its position in shares of Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after acquiring an additional 1,009,548 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock worth $34,926,000 after acquiring an additional 830,684 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Clearwater Analytics during the 4th quarter worth about $20,482,000. 50.10% of the stock is 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.