Clearwater Analytics (NYSE:CWAN) Receives Equal Weight Rating from Wells Fargo & Company

Clearwater Analytics (NYSE:CWAN)‘s stock had its “equal weight” rating restated by investment analysts at Wells Fargo & Company in a report issued on Thursday,Benzinga reports. They presently have a $24.55 price objective on the stock, down from their prior price objective of $27.00. Wells Fargo & Company‘s price objective suggests a potential upside of 1.93% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 29th. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Clearwater Analytics in a report on Monday, December 22nd. JPMorgan Chase & Co. cut their target price on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, UBS Group dropped their price target on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.42.

Clearwater Analytics Trading Up 0.1%

NYSE CWAN opened at $24.09 on Thursday. The firm has a market capitalization of $7.05 billion, a PE ratio of 15.74, a P/E/G ratio of 3.48 and a beta of 0.66. The stock’s 50 day moving average is $21.31 and its 200 day moving average is $20.44. Clearwater Analytics has a twelve month low of $15.73 and a twelve month high of $32.00. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the company posted $0.14 EPS. Clearwater Analytics’s revenue for the quarter was up 77.1% compared to the same quarter last year. Research analysts forecast that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Clearwater Analytics

In related news, insider Subi Sethi sold 25,646 shares of Clearwater Analytics stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $617,812.14. Following the completion of the sale, the insider directly owned 277,189 shares in the company, valued at approximately $6,677,483.01. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 63,709 shares of the business’s stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $1,534,749.81. Following the completion of the transaction, the chief financial officer directly owned 400,691 shares of the company’s stock, valued at approximately $9,652,646.19. This trade represents a 13.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 429,739 shares of company stock valued at $10,101,275 over the last three months. 3.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after buying an additional 1,024 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Clearwater Analytics by 278.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after buying an additional 1,121 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of 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 acquiring an additional 640 shares during the period. Bessemer Group Inc. increased its position in Clearwater Analytics by 84.6% during the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after acquiring an additional 708 shares during the last quarter. Finally, Danske Bank A S bought a new position in Clearwater Analytics in the third quarter valued at about $36,000. Hedge funds and other institutional investors 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.