Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $28.6455.

CWAN has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Oppenheimer cut Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $27.00 target price on shares of Clearwater Analytics in a research note on Monday, November 24th. Loop Capital downgraded Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their target price for the company from $25.00 to $24.55 in a report on Monday, December 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Clearwater Analytics in a research report on Monday, December 22nd.

Clearwater Analytics Stock Down 0.2%

CWAN opened at $24.14 on Monday. Clearwater Analytics has a 1 year low of $15.73 and a 1 year high of $32.00. The firm has a 50 day moving average price of $20.48 and a 200 day moving average price of $20.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $7.06 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 6.35 and a beta of 0.67.

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

Clearwater Analytics announced that its board has authorized a share buyback plan on Wednesday, September 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 1.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, CTO Souvik Das sold 10,000 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $21.59, for a total value of $215,900.00. Following the completion of the transaction, the chief technology officer owned 96,186 shares of the company’s stock, valued at approximately $2,076,655.74. This represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sandeep Sahai sold 16,592 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $293,346.56. Following the sale, the chief executive officer owned 913,600 shares of the company’s stock, valued at approximately $16,152,448. This trade represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 120,727 shares of company stock valued at $2,402,598. Corporate insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently made changes to their positions in CWAN. FNY Investment Advisers LLC increased its stake in shares of Clearwater Analytics by 409.9% in the third quarter. FNY Investment Advisers LLC now owns 3,411 shares of the company’s stock worth $61,000 after buying an additional 2,742 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new position in Clearwater Analytics during the 3rd quarter worth $211,000. CIBC Bancorp USA Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth about $474,000. Danske Bank A S bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth about $36,000. Finally, Morningstar Investment Management LLC acquired a new stake in shares of Clearwater Analytics in the 3rd quarter valued at about $965,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

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.