Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Given Average Recommendation of “Hold” by Brokerages

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.1850.

Several equities analysts have recently weighed in on CWAN shares. DA Davidson reaffirmed a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $24.28 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of -134.89, a price-to-earnings-growth ratio of 3.34 and a beta of 0.60. The company has a 50 day moving average price of $24.26 and a 200-day moving average price of $23.70. Clearwater Analytics has a 1-year low of $15.73 and a 1-year high of $24.43.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $221.23 million during 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 business’s quarterly revenue was up 74.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Equities research analysts forecast that Clearwater Analytics will post 0.36 EPS for the current year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 51,967 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $1,236,814.60. Following the completion of the transaction, the chief executive officer directly owned 1,415,619 shares in the company, valued at approximately $33,691,732.20. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Subi Sethi sold 19,858 shares of the company’s 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 transaction, the insider owned 388,256 shares of the company’s stock, valued at $9,240,492.80. This represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 809,511 shares of company stock valued at $19,601,350 in the last three months. Company insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On Clearwater Analytics

A number of large investors have recently added to or reduced their stakes in the stock. Groupe la Francaise acquired a new position in Clearwater Analytics during the first quarter worth $9,970,000. Amundi raised its position in Clearwater Analytics by 80.0% during the first quarter. Amundi now owns 28,177 shares of the company’s stock worth $666,000 after acquiring an additional 12,527 shares during the period. EverSource Wealth Advisors LLC raised its position in Clearwater Analytics by 123.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,367 shares of the company’s stock worth $56,000 after acquiring an additional 1,306 shares during the period. California State Teachers Retirement System raised its position in Clearwater Analytics by 23.3% during the first quarter. California State Teachers Retirement System now owns 334,997 shares of the company’s stock worth $7,923,000 after acquiring an additional 63,398 shares during the period. Finally, Quantinno Capital Management LP raised its position in Clearwater Analytics by 50.2% during the first quarter. Quantinno Capital Management LP now owns 92,587 shares of the company’s stock worth $2,190,000 after acquiring an additional 30,932 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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.