Brokerages Set Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Target Price at $27.21

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has received an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $27.2091.

A number of research analysts recently issued reports on CWAN shares. Warburg Research set a $24.55 price target on Clearwater Analytics in a report on Monday, December 22nd. Wall Street Zen lowered shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Wells Fargo & Company cut shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $27.00 to $24.55 in a report on Thursday, January 8th. DA Davidson restated a “neutral” rating and set a $24.55 target price (down previously from $30.00) on shares of Clearwater Analytics in a research note on Friday, January 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Clearwater Analytics in a report on Monday, December 22nd.

Clearwater Analytics Stock Down 0.6%

CWAN stock opened at $23.47 on Tuesday. The stock has a 50-day simple moving average of $23.52 and a two-hundred day simple moving average of $20.82. Clearwater Analytics has a twelve month low of $15.73 and a twelve month high of $32.00. The firm has a market capitalization of $6.87 billion, a PE ratio of 15.34, a PEG ratio of 3.41 and a beta of 0.66. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $24.14, for a total value of $451,418.00. Following the sale, the chief financial officer owned 395,697 shares in the company, valued at $9,552,125.58. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 134,130 shares of Clearwater Analytics stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the sale, the chief executive officer owned 1,092,923 shares of the company’s stock, valued at $26,328,515.07. The trade was a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 457,164 shares of company stock valued at $10,829,668 over the last quarter. 3.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clearwater Analytics

Several hedge funds have recently added to or reduced their stakes in CWAN. Wellington Management Group LLP grew its position 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 purchased a new position in Clearwater Analytics during the 4th quarter worth $184,271,000. Vanguard Group Inc. lifted its position in Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after acquiring an additional 5,967,798 shares during the period. Hood River Capital Management LLC acquired a new position in Clearwater Analytics in the 2nd quarter valued at $99,105,000. Finally, Blair William & Co. IL raised its position in Clearwater Analytics by 83.5% during the 3rd quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock worth $128,566,000 after buying an additional 3,245,986 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

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.