Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $26.17 Average Price Target from Brokerages

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has received an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.1682.

Several brokerages have issued reports on CWAN. Oppenheimer cut Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Jefferies Financial Group lowered Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings downgraded Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. UBS Group lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Finally, Wells Fargo & Company cut Clearwater Analytics from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $27.00 to $24.55 in a research note on Thursday, January 8th.

Insider Activity at Clearwater Analytics

In other news, insider Subi Sethi sold 76,689 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $1,797,590.16. Following the transaction, the insider directly owned 365,490 shares in the company, valued at approximately $8,567,085.60. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Souvik Das sold 88,848 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $2,082,597.12. Following the completion of the transaction, the chief technology officer directly owned 207,132 shares of the company’s stock, valued at $4,855,174.08. This trade represents a 30.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 992,699 shares of company stock valued at $23,476,618 in the last ninety days. 3.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Clearwater Analytics

A number of large investors have recently bought and sold shares of CWAN. EverSource Wealth Advisors LLC raised its position in shares of Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 720 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Clearwater Analytics in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. lifted its holdings in shares of Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after purchasing an additional 1,186 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Clearwater Analytics during the 4th quarter valued at approximately $33,000. Finally, First Horizon Advisors Inc. boosted its position in Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after purchasing an additional 1,121 shares during the period. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of Clearwater Analytics stock opened at $23.44 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. Clearwater Analytics has a 1 year low of $15.73 and a 1 year high of $28.37. The firm’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $21.25. The firm has a market cap of $6.92 billion, a PE ratio of -167.38, a price-to-earnings-growth ratio of 3.26 and a beta of 0.67.

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.