Analysts Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Target Price at $28.42

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have received an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $27.9273.

CWAN has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. UBS Group cut their target price on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Clearwater Analytics in a research report on Monday, December 22nd. Wells Fargo & Company lowered shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th.

Insiders Place Their Bets

In related news, CFO James S. Cox sold 63,709 shares of the firm’s stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $1,534,749.81. Following the sale, the chief financial officer directly owned 400,691 shares of the company’s stock, valued at $9,652,646.19. This trade represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Scott Stanley Erickson sold 44,386 shares of the stock in a transaction on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $1,069,258.74. Following the completion of the transaction, the executive directly owned 72,917 shares in the company, valued at $1,756,570.53. The trade was a 37.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 428,464 shares of company stock worth $10,139,350. 3.31% of the stock is owned by corporate insiders.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in shares of Clearwater Analytics by 1,027.1% during the first quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock worth $3,560,000 after purchasing an additional 121,043 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Clearwater Analytics during the first quarter valued at approximately $208,000. Woodline Partners LP boosted its holdings in Clearwater Analytics by 75.2% in the first quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock worth $538,000 after acquiring an additional 8,613 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Clearwater Analytics by 1.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock valued at $12,309,000 after purchasing an additional 6,826 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Clearwater Analytics in the 1st quarter worth approximately $1,270,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Up 0.3%

Clearwater Analytics stock opened at $24.27 on Friday. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 3.51 and a beta of 0.66. The firm’s fifty day moving average price is $22.26 and its two-hundred day moving average price is $20.53. Clearwater Analytics has a 1-year low of $15.73 and a 1-year high of $32.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.Clearwater Analytics’s revenue was up 77.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

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.