Clearwater Analytics (NYSE:CWAN) Reaches New 1-Year High – Here’s Why

Clearwater Analytics Holdings, Inc. (NYSE:CWAN)’s stock price reached a new 52-week high on Thursday . The company traded as high as $24.43 and last traded at $24.4050, with a volume of 2827060 shares changing hands. The stock had previously closed at $24.33.

Analyst Ratings Changes

CWAN has been the topic of a number of analyst reports. DA Davidson restated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.19.

Clearwater Analytics Stock Performance

The company’s fifty day moving average price is $24.20 and its two-hundred day moving average price is $23.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market capitalization of $7.29 billion, a PE ratio of -135.63, a price-to-earnings-growth ratio of 3.34 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The firm had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Clearwater Analytics’s revenue was up 74.4% compared to the same quarter last year. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Activity at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 18,790 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 $447,202.00. Following the completion of the sale, the executive directly owned 155,119 shares in the company, valued at $3,691,832.20. This represents a 10.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the completion of the transaction, the chief technology officer owned 180,109 shares in the company, valued at $4,385,654.15. The trade was a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 194,332 shares of company stock worth $4,634,362. 3.31% of the stock is owned by corporate insiders.

Institutional Trading of Clearwater Analytics

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after acquiring an additional 5,967,798 shares in the last quarter. Gabelli Funds LLC acquired a new stake in Clearwater Analytics in the fourth quarter valued at approximately $7,916,000. Johnson Investment Counsel Inc. purchased a new stake in shares of Clearwater Analytics during the third quarter valued at approximately $1,298,000. Stephens Investment Management Group LLC raised its stake in shares of Clearwater Analytics by 18.6% during the fourth quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock valued at $85,187,000 after purchasing an additional 553,218 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Clearwater Analytics by 379.4% during the third quarter. Oppenheimer & Co. Inc. now owns 113,058 shares of the company’s stock worth $2,037,000 after purchasing an additional 89,476 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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.