Clearwater Analytics (NYSE:CWAN) Reaches New 52-Week High – Should You Buy?

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) hit a new 52-week high on Thursday . The stock traded as high as $24.43 and last traded at $24.4050, with a volume of 2827060 shares. The stock had previously closed at $24.33.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CWAN shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Finally, DA Davidson reiterated a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.19.

Clearwater Analytics Price Performance

The stock’s fifty day moving average price is $24.20 and its 200-day moving average price is $23.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market cap of $7.29 billion, a PE ratio of -135.63, a P/E/G ratio of 3.34 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s revenue was up 74.4% on a year-over-year basis. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Subi Sethi sold 19,858 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $472,620.40. Following the completion of the transaction, the insider directly owned 388,256 shares of the company’s stock, valued at $9,240,492.80. This trade represents a 4.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total value of $450,109.00. Following the transaction, the chief financial officer directly owned 480,419 shares of the company’s stock, valued at approximately $11,563,685.33. This represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 194,332 shares of company stock worth $4,634,362. 3.31% of the stock is owned by insiders.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently modified their holdings of the business. Essex Investment Management Co. LLC lifted its stake in Clearwater Analytics by 27.2% in the 4th quarter. Essex Investment Management Co. LLC now owns 2,298 shares of the company’s stock valued at $55,000 after buying an additional 492 shares in the last quarter. Mackenzie Financial Corp increased its position in Clearwater Analytics by 3.7% during the 4th quarter. Mackenzie Financial Corp now owns 15,466 shares of the company’s stock worth $372,000 after purchasing an additional 545 shares in the last quarter. Cim LLC raised its stake in Clearwater Analytics by 0.8% in the 3rd quarter. Cim LLC now owns 66,184 shares of the company’s stock valued at $1,193,000 after purchasing an additional 557 shares during the last quarter. Lazard Asset Management LLC raised its stake in Clearwater Analytics by 5.7% in the 1st quarter. Lazard Asset Management LLC now owns 13,170 shares of the company’s stock valued at $311,000 after purchasing an additional 708 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after purchasing an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

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.