Clearwater Analytics (NYSE:CWAN) Downgraded to Hold Rating by Royal Bank Of Canada

Clearwater Analytics (NYSE:CWAN) was downgraded by stock analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

CWAN has been the subject of a number of other reports. William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Wells Fargo & Company cut Clearwater Analytics from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $24.55 in a research note on Thursday, January 8th. JPMorgan Chase & Co. lowered their price target on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. UBS Group downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Finally, Oppenheimer cut shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.17.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN opened at $23.50 on Wednesday. Clearwater Analytics has a 12-month low of $15.73 and a 12-month high of $31.49. The company has a market cap of $6.88 billion, a price-to-earnings ratio of -167.85, a price-to-earnings-growth ratio of 3.26 and a beta of 0.66. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $23.84 and its 200 day simple moving average is $21.02.

Insider Activity at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 74,530 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $1,746,983.20. Following the completion of the sale, the executive directly owned 138,630 shares of the company’s stock, valued at $3,249,487.20. This represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sandeep Sahai sold 233,813 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $5,480,576.72. Following the completion of the transaction, the chief executive officer owned 1,357,138 shares of the company’s stock, valued at $31,811,314.72. This trade represents a 14.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,002,699 shares of company stock valued at $23,692,518 over the last ninety days. Company insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Clearwater Analytics by 21.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after acquiring an additional 5,967,798 shares in the last quarter. Wellington Management Group LLP raised its stake in Clearwater Analytics by 108.7% during 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 period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Clearwater Analytics by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock valued at $330,827,000 after purchasing an additional 1,459,150 shares in the last quarter. Starboard Value LP acquired a new stake in shares of Clearwater Analytics in the fourth quarter worth $240,212,000. Finally, Wasatch Advisors LP grew its holdings 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 valued at $209,813,000 after buying an additional 274,664 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

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.