Clearwater Analytics’ (CWAN) “Buy” Rating Reiterated at DA Davidson

Clearwater Analytics (NYSE:CWAN)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $30.00 price target on the stock. DA Davidson’s target price points to a potential upside of 43.50% from the company’s previous close.

CWAN has been the topic of a number of other reports. Wall Street Zen upgraded shares of Clearwater Analytics from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group cut their price objective on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Clearwater Analytics in a research report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective 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. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.56.

Clearwater Analytics Price Performance

CWAN traded up $0.94 on Tuesday, hitting $20.91. 7,609,474 shares of the company’s stock traded hands, compared to its average volume of 3,873,528. The company’s 50 day simple moving average is $18.41 and its 200-day simple moving average is $20.55. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics has a one year low of $15.73 and a one year high of $32.71. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 5.07 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last announced 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). The company had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The company’s quarterly revenue was up 77.1% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that Clearwater Analytics will post 0.18 EPS for the current year.

Clearwater Analytics declared that its Board of Directors has approved a share buyback program on Wednesday, September 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at Clearwater Analytics

In other news, insider Subi Sethi sold 7,434 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total value of $131,433.12. Following the sale, the insider owned 226,980 shares of the company’s stock, valued at approximately $4,013,006.40. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Scott Stanley Erickson sold 4,505 shares of Clearwater Analytics stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total transaction of $79,648.40. Following the transaction, the executive directly owned 19,552 shares of the company’s stock, valued at approximately $345,679.36. This represents a 18.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 132,327 shares of company stock worth $2,537,323 in the last ninety days. Corporate insiders own 3.31% of the company’s stock.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently added to or reduced their stakes in CWAN. Cerity Partners LLC grew its stake in shares of Clearwater Analytics by 7.3% during the first quarter. Cerity Partners LLC now owns 11,598 shares of the company’s stock valued at $311,000 after buying an additional 793 shares during the last quarter. CWM LLC boosted its holdings in Clearwater Analytics by 714.6% during the 1st quarter. CWM LLC now owns 3,071 shares of the company’s stock valued at $82,000 after acquiring an additional 2,694 shares during the period. Victory Capital Management Inc. grew its position in Clearwater Analytics by 523.2% in the 1st quarter. Victory Capital Management Inc. now owns 137,108 shares of the company’s stock valued at $3,674,000 after acquiring an additional 115,107 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Clearwater Analytics in the first quarter worth $16,895,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Clearwater Analytics by 19.3% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 371,810 shares of the company’s stock worth $9,965,000 after purchasing an additional 60,038 shares during the period. Institutional investors own 50.10% of the company’s stock.

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.