Clearwater Analytics (NYSE:CWAN) Earns Neutral Rating from DA Davidson

Clearwater Analytics (NYSE:CWAN)‘s stock had its “neutral” rating reissued by investment analysts at DA Davidson in a note issued to investors on Wednesday,Benzinga reports. They currently have a $24.55 target price on the stock. DA Davidson’s price target points to a potential upside of 0.72% from the stock’s previous close.

CWAN has been the subject of several other research reports. Morgan Stanley reiterated an “equal weight” rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Weiss Ratings downgraded shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. UBS Group downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.17.

Clearwater Analytics Stock Performance

Shares of CWAN traded up $0.01 during mid-day trading on Wednesday, hitting $24.38. 570,621 shares of the company’s stock were exchanged, compared to its average volume of 7,892,989. Clearwater Analytics has a fifty-two week low of $15.73 and a fifty-two week high of $25.07. The firm has a market capitalization of $7.28 billion, a P/E ratio of -135.41, a P/E/G ratio of 3.53 and a beta of 0.61. The business’s 50 day moving average is $23.88 and its two-hundred day moving average is $22.94. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The business had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 74.4% compared to the same quarter last year. On average, equities analysts expect that Clearwater Analytics will post 0.35 earnings per share for the current year.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 51,967 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $1,236,814.60. Following the completion of the transaction, the chief executive officer directly owned 1,415,619 shares of the company’s stock, valued at approximately $33,691,732.20. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James S. Cox sold 21,631 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $514,817.80. Following the completion of the transaction, the chief financial officer directly owned 485,419 shares of the company’s stock, valued at approximately $11,552,972.20. This trade represents a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 194,332 shares of company stock valued at $4,624,562 in the last 90 days. 3.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after buying an additional 720 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Clearwater Analytics in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. increased its holdings in Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after buying an additional 1,186 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Clearwater Analytics in the fourth quarter valued at about $33,000. Finally, Private Trust Co. NA increased its holdings in Clearwater Analytics by 643.3% in the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after buying an additional 1,338 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

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.