Clearwater Analytics (NYSE:CWAN) Given “Buy” Rating at DA Davidson

Clearwater Analytics (NYSE:CWAN)‘s stock had its “buy” rating restated by analysts at DA Davidson in a research note issued on Tuesday,Benzinga reports. They currently have a $30.00 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 64.54% from the stock’s previous close.

A number of other analysts have also recently weighed in on CWAN. Weiss Ratings upgraded shares of Clearwater Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. UBS Group lowered their price target on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, The Goldman Sachs Group upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, August 11th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.56.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN traded up $1.54 during trading hours on Tuesday, reaching $18.23. The stock had a trading volume of 8,185,199 shares, compared to its average volume of 3,699,621. The firm has a 50-day moving average of $18.51 and a 200-day moving average of $20.68. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 4.43 and a beta of 0.69. 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 has a fifty-two week low of $15.73 and a fifty-two week high of $32.71.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $205.11 million during the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. Clearwater Analytics’s quarterly revenue was up 77.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts predict that Clearwater Analytics will post 0.18 earnings per share for the current year.

Clearwater Analytics declared that its board has initiated a stock buyback program on Wednesday, September 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 1.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Clearwater Analytics

In other news, CFO James S. Cox sold 11,275 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $17.98, for a total transaction of $202,724.50. Following the transaction, the chief financial officer directly owned 338,983 shares of the company’s stock, valued at $6,094,914.34. This represents a 3.22% 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 4,505 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total transaction of $79,648.40. Following the completion of the transaction, the executive directly owned 19,552 shares of the company’s stock, valued at approximately $345,679.36. This trade represents a 18.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 143,602 shares of company stock worth $2,756,283. 3.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Asset Management Inc acquired a new stake in Clearwater Analytics during the 3rd quarter valued at $1,810,000. Granite Investment Partners LLC boosted its stake in shares of Clearwater Analytics by 18.3% during the third quarter. Granite Investment Partners LLC now owns 312,068 shares of the company’s stock valued at $5,623,000 after acquiring an additional 48,208 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in Clearwater Analytics by 6.9% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 31,091 shares of the company’s stock worth $560,000 after purchasing an additional 2,008 shares in the last quarter. CenterBook Partners LP raised its stake in Clearwater Analytics by 20.3% in the 3rd quarter. CenterBook Partners LP now owns 29,558 shares of the company’s stock valued at $533,000 after purchasing an additional 4,994 shares during the last quarter. Finally, Advisors Capital Management LLC purchased a new position in Clearwater Analytics in the 3rd quarter valued at about $2,251,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

About Clearwater Analytics

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.