Clearwater Analytics (NYSE:CWAN) Downgraded by Royal Bank Of Canada to “Hold”

Royal Bank Of Canada lowered shares of Clearwater Analytics (NYSE:CWAN) from a moderate buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on CWAN. Wall Street Zen cut Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company downgraded shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $27.00 to $24.55 in a report on Thursday, January 8th. Finally, Jefferies Financial Group lowered shares of Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Clearwater Analytics has a consensus rating of “Hold” and a consensus target price of $26.17.

Clearwater Analytics Price Performance

NYSE CWAN opened at $23.50 on Wednesday. The company has a market cap of $6.88 billion, a price-to-earnings ratio of -167.85, a PEG ratio of 3.26 and a beta of 0.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83. The stock’s fifty day moving average price is $23.84 and its 200 day moving average price is $21.02. Clearwater Analytics has a 1 year low of $15.73 and a 1 year high of $31.49.

Insider Buying and Selling at Clearwater Analytics

In related news, insider Subi Sethi sold 76,689 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $1,797,590.16. Following the sale, the insider directly owned 365,490 shares of the company’s stock, valued at approximately $8,567,085.60. This represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Scott Stanley Erickson sold 74,530 shares of Clearwater Analytics stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $1,746,983.20. Following the completion of the transaction, the executive directly owned 138,630 shares of the company’s stock, valued at $3,249,487.20. The trade was a 34.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,002,699 shares of company stock worth $23,692,518. 3.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clearwater Analytics

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of 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. Los Angeles Capital Management LLC acquired a new stake in Clearwater Analytics in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares during the period. First Horizon Advisors Inc. increased its position in shares of Clearwater Analytics by 278.9% in the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after buying an additional 1,121 shares in the last quarter. Finally, Essex Investment Management Co. LLC increased its position in shares of Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after buying an additional 640 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.