Clearwater Analytics (NYSE:CWAN) Stock Rating Lowered by DA Davidson

Clearwater Analytics (NYSE:CWAN) was downgraded by equities research analysts at DA Davidson from a “buy” rating to a “hold” rating in a research note issued on Friday, MarketBeat reports. They currently have a $24.55 price objective on the stock. DA Davidson’s target price points to a potential upside of 1.15% from the stock’s current price.

Other research analysts also recently issued reports about the stock. UBS Group decreased their target price 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. Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 29th. Loop Capital cut Clearwater Analytics from a “buy” rating to a “hold” rating and cut their target price for the stock from $25.00 to $24.55 in a research note on Monday, December 22nd. Finally, William Blair reaffirmed a “market perform” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.93.

Clearwater Analytics Stock Up 0.3%

CWAN opened at $24.27 on Friday. The company has a market cap of $7.10 billion, a P/E ratio of 15.86, a P/E/G ratio of 3.50 and a beta of 0.66. Clearwater Analytics has a 12 month low of $15.73 and a 12 month high of $32.00. The business’s 50-day moving average price is $22.26 and its 200-day moving average price 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 (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The company had revenue of $205.11 million for the quarter, compared to the consensus estimate of $203.66 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. Clearwater Analytics’s revenue was up 77.1% compared to the same quarter last year. On average, equities analysts expect that Clearwater Analytics will post 0.18 EPS for the current year.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 44,386 shares of the company’s stock in a transaction on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $1,069,258.74. Following the sale, the executive directly owned 72,917 shares of the company’s stock, valued at $1,756,570.53. This represents a 37.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sandeep Sahai sold 134,130 shares of the stock in a transaction on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $3,231,191.70. Following the completion of the transaction, the chief executive officer owned 1,092,923 shares of the company’s stock, valued at approximately $26,328,515.07. This trade represents a 10.93% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 428,464 shares of company stock worth $10,139,350. Company insiders own 3.31% of the company’s stock.

Institutional Trading of Clearwater Analytics

A number of hedge funds and other institutional investors have recently modified their holdings of CWAN. Versant Capital Management Inc lifted its position 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 acquiring an additional 1,024 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Clearwater Analytics by 278.9% during the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after purchasing an additional 1,121 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after purchasing an additional 640 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Clearwater Analytics by 84.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after purchasing an additional 708 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth approximately $36,000. 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.