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

Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.00.

Several brokerages recently issued reports on CWAN. JPMorgan Chase & Co. downgraded Clearwater Analytics from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $24.00 to $22.00 in a research report on Thursday, February 29th. DA Davidson restated a “buy” rating and set a $24.00 price objective on shares of Clearwater Analytics in a research report on Monday, February 5th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $20.00 price target on shares of Clearwater Analytics in a report on Thursday, February 29th.

Clearwater Analytics Trading Down 1.6 %

Shares of Clearwater Analytics stock opened at $15.78 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.15 and a quick ratio of 5.15. Clearwater Analytics has a 1 year low of $13.02 and a 1 year high of $21.89. The company has a market capitalization of $3.86 billion, a P/E ratio of -143.45, a P/E/G ratio of 6.51 and a beta of 0.45. The business has a 50 day moving average price of $17.19 and a 200 day moving average price of $18.72.

Insider Transactions at Clearwater Analytics

In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $16.90, for a total transaction of $274,625,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $16.90, for a total transaction of $274,625,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total transaction of $987,000.00. Following the sale, the chief executive officer now directly owns 270,838 shares of the company’s stock, valued at $5,346,342.12. The disclosure for this sale can be found here. Insiders sold a total of 16,310,000 shares of company stock worth $275,809,400 in the last ninety days. Insiders own 2.10% of the company’s stock.

Institutional Trading of Clearwater Analytics

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in Clearwater Analytics by 33.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after buying an additional 616 shares during the last quarter. Natixis Advisors L.P. boosted its position in Clearwater Analytics by 1.4% in the 4th quarter. Natixis Advisors L.P. now owns 44,198 shares of the company’s stock valued at $885,000 after buying an additional 616 shares during the last quarter. KLR Investment Advisors LLC boosted its position in Clearwater Analytics by 5.0% in the 4th quarter. KLR Investment Advisors LLC now owns 16,939 shares of the company’s stock valued at $339,000 after buying an additional 801 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in Clearwater Analytics by 213.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after buying an additional 1,207 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Clearwater Analytics by 389.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after purchasing an additional 1,549 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.