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

by · The Cerbat Gem

Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) has received a consensus rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.9833.

CWAN has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th.

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Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $24.56 on Friday. The firm has a market capitalization of $7.33 billion, a PE ratio of -136.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. Clearwater Analytics has a 1 year low of $15.73 and a 1 year high of $24.56. 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’s 50-day moving average is $24.43 and its two-hundred day moving average is $24.02.

Clearwater Analytics (NYSE:CWAN – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The business had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. During the same quarter last year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was up 74.4% compared to the same quarter last year. Analysts predict that Clearwater Analytics will post 0.36 EPS for the current year.

Insider Activity

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.35, for a total value of $243,500.00. Following the sale, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director D Scott Mackesy sold 633,879 shares of Clearwater Analytics stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 653,879 shares of company stock worth $15,890,160. 3.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Clearwater Analytics by 108.7% in the 3rd quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after purchasing an additional 9,268,950 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Clearwater Analytics by 11.9% during the 4th 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 last quarter. Starboard Value LP purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth $240,212,000. Wasatch Advisors LP grew its stake 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 in the last quarter. Finally, Morgan Stanley grew its stake in shares of Clearwater Analytics by 15.8% during the fourth quarter. Morgan Stanley now owns 7,855,686 shares of the company’s stock worth $189,479,000 after purchasing an additional 1,074,771 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

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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.

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