Clearwater Analytics (NYSE:CWAN) Downgraded to Hold Rating by DA Davidson

Clearwater Analytics (NYSE:CWAN) was downgraded by analysts at DA Davidson from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a $24.55 price target on the stock. DA Davidson’s target price would suggest a potential upside of 1.15% from the company’s previous close.

Several other analysts also recently commented on CWAN. Jefferies Financial Group downgraded Clearwater Analytics to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and set a $27.00 target price on shares of Clearwater Analytics in a research note on Monday, November 24th. Finally, Wall Street Zen downgraded shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.93.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $24.27 on Friday. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 3.50 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. Clearwater Analytics has a one year low of $15.73 and a one year high of $32.00. The company’s 50-day moving average is $22.26 and its 200 day moving average is $20.55.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm had revenue of $205.11 million during the quarter, compared to analysts’ expectations of $203.66 million. During the same period last year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was up 77.1% on a year-over-year basis. Sell-side analysts expect that Clearwater Analytics will post 0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Clearwater Analytics news, insider Subi Sethi sold 25,646 shares of the business’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $617,812.14. Following the completion of the sale, the insider directly owned 277,189 shares in the company, valued at $6,677,483.01. The trade was a 8.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James S. Cox sold 63,709 shares of the company’s stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,534,749.81. Following the sale, the chief financial officer directly owned 400,691 shares of the company’s stock, valued at $9,652,646.19. The trade was a 13.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 428,464 shares of company stock valued at $10,139,350. 3.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clearwater Analytics

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its holdings in Clearwater Analytics by 1,027.1% in the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock worth $3,560,000 after purchasing an additional 121,043 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Clearwater Analytics in the first quarter worth about $208,000. Woodline Partners LP lifted its position in shares of Clearwater Analytics by 75.2% during the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after buying an additional 8,613 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Clearwater Analytics by 1.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock valued at $12,309,000 after acquiring an additional 6,826 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in Clearwater Analytics by 44.4% in the 2nd quarter. Park Avenue Securities LLC now owns 27,875 shares of the company’s stock worth $611,000 after acquiring an additional 8,570 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

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.