Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Average Rating of “Hold” by Brokerages

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $31.89.

A number of research analysts recently commented on CWAN shares. Oppenheimer raised their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Morgan Stanley upped their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised shares of 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. Finally, Wells Fargo & Company boosted their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the transaction, the executive now owns 6,373 shares of the company’s stock, valued at approximately $199,729.82. This trade represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the sale, the chief financial officer now directly owns 224,044 shares in the company, valued at approximately $5,860,991.04. This represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 203,052 shares of company stock worth $5,873,638 over the last quarter. Corporate insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after purchasing an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter worth about $45,000. Financial Management Professionals Inc. bought a new position in shares of Clearwater Analytics in the 3rd quarter worth about $58,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Clearwater Analytics by 124.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after purchasing an additional 2,425 shares during the period. Finally, Amalgamated Bank acquired a new position in shares of Clearwater Analytics in the 2nd quarter valued at about $90,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $27.15 on Monday. The stock’s fifty day moving average price is $29.35 and its two-hundred day moving average price is $25.29. The firm has a market cap of $6.71 billion, a PE ratio of 2,717.72, a price-to-earnings-growth ratio of 10.57 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics has a one year low of $15.62 and a one year high of $35.71.

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.