Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Receives $25.19 Consensus PT from Analysts

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $25.1850.

Several brokerages have commented on CWAN. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. DA Davidson reissued a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a report on Wednesday, May 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd.

Insiders Place Their Bets

In related news, insider Subi Sethi sold 19,858 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $472,620.40. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Sahai sold 51,967 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $1,236,814.60. Following the sale, the chief executive officer directly owned 1,415,619 shares of the company’s stock, valued at approximately $33,691,732.20. This represents a 3.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 809,511 shares of company stock valued at $19,601,350. 3.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Clearwater Analytics

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics by 21.9% during the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after purchasing an additional 5,967,798 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after purchasing an additional 9,268,950 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Clearwater Analytics by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock worth $330,827,000 after purchasing an additional 1,459,150 shares during the period. Starboard Value LP acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $240,212,000. Finally, Wasatch Advisors LP lifted its holdings in shares of Clearwater Analytics by 3.0% during the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after purchasing an additional 274,664 shares during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Down 0.0%

CWAN stock opened at $24.28 on Monday. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of -134.89, a PEG ratio of 3.34 and a beta of 0.60. Clearwater Analytics has a fifty-two week low of $15.73 and a fifty-two week high of $24.43. 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 company’s 50 day moving average price is $24.26 and its 200 day moving average price is $23.71.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm’s revenue was up 74.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. On average, equities research analysts anticipate that Clearwater Analytics will post 0.36 EPS for the current fiscal year.

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.