Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Consensus Recommendation of “Hold” by Analysts

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $31.89.

Several equities research analysts recently weighed in on CWAN shares. Wells Fargo & Company upped their price target on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Royal Bank of Canada increased their price target on shares of Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. The Goldman Sachs Group boosted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $31.00 to $35.00 in a report on Friday, November 8th. Finally, Piper Sandler lifted their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $29.07, for a total value of $113,082.30. Following the completion of the sale, the executive now directly owns 6,373 shares in the company, valued at $185,263.11. The trade was a 37.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sandeep Sahai sold 139,172 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the transaction, the chief executive officer now owns 441,724 shares in the company, valued at approximately $12,783,492.56. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,242 shares of company stock valued at $5,417,911. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of Clearwater Analytics

Several large investors have recently modified their holdings of CWAN. Whittier Trust Co. of Nevada Inc. purchased a new position in Clearwater Analytics in the third quarter worth about $45,000. Financial Management Professionals Inc. bought a new position in shares of Clearwater Analytics in the 3rd quarter worth approximately $58,000. Advisors Asset Management Inc. boosted its holdings in shares of Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after buying an additional 995 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after buying an additional 2,425 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in Clearwater Analytics during the third quarter valued at approximately $117,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

Clearwater Analytics stock opened at $29.62 on Thursday. Clearwater Analytics has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The stock’s 50 day simple moving average is $28.78 and its two-hundred day simple moving average is $24.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 2,962.00, a PEG ratio of 10.57 and a beta of 0.69.

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.