Morgan Stanley Reiterates “Equal Weight” Rating for Clearwater Analytics (NYSE:CWAN)

Clearwater Analytics (NYSE:CWAN)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $24.55 price target on the stock, down from their prior price target of $27.00. Morgan Stanley’s price objective would indicate a potential upside of 1.69% from the stock’s previous close.

CWAN has been the subject of a number of other research reports. UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $24.55 in a research note on Monday. JPMorgan Chase & Co. dropped their price target on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Clearwater Analytics in a research note on Monday, December 22nd. Oppenheimer lowered Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Finally, William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Clearwater Analytics has an average rating of “Hold” and a consensus target price of $27.21.

Clearwater Analytics Stock Down 0.2%

Shares of NYSE CWAN opened at $24.14 on Tuesday. Clearwater Analytics has a 52-week low of $15.73 and a 52-week high of $32.00. 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 business has a fifty day moving average of $22.90 and a two-hundred day moving average of $20.61. The stock has a market cap of $7.07 billion, a PE ratio of 15.78, a PEG ratio of 3.49 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 77.1% compared to the same quarter last year. As a group, equities research analysts expect that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $24.14, for a total value of $451,418.00. Following the transaction, the chief financial officer directly owned 395,697 shares in the company, valued at $9,552,125.58. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sandeep Sahai sold 134,130 shares of the firm’s stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the completion of the transaction, the chief executive officer directly owned 1,092,923 shares in the company, valued at approximately $26,328,515.07. The trade was a 10.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 447,164 shares of company stock worth $10,590,768 over the last 90 days. Insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its stake in shares of Clearwater Analytics by 189.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after acquiring an additional 1,024 shares during the last quarter. First Horizon Advisors Inc. increased its stake in 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 purchasing an additional 1,121 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after purchasing an additional 640 shares during the period. Bessemer Group Inc. raised its holdings in Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after purchasing an additional 708 shares during the period. Finally, Danske Bank A S bought a new position in shares of Clearwater Analytics during the third quarter worth $36,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.