Clearwater Analytics’ (CWAN) “Equal Weight” Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Clearwater Analytics (NYSE:CWAN) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $24.55 price target on the stock, down from their previous price target of $27.00.

Other analysts have also issued research reports about the company. Wells Fargo & Company lowered Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $27.00 to $24.55 in a research note on Thursday, January 8th. UBS Group lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $24.55 in a report on Monday. Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Loop Capital cut shares of Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $25.00 to $24.55 in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.21.

Clearwater Analytics Price Performance

Shares of CWAN opened at $24.09 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $23.10 and its 200 day simple moving average is $20.67. Clearwater Analytics has a 1-year low of $15.73 and a 1-year high of $32.00. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 3.49 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business’s revenue was up 77.1% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. On average, research analysts forecast that Clearwater Analytics will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 134,130 shares of the company’s stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $3,231,191.70. Following the transaction, the chief executive officer directly owned 1,092,923 shares in the company, valued at approximately $26,328,515.07. This represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $24.14, for a total transaction of $451,418.00. Following the transaction, the chief financial officer directly owned 395,697 shares in the company, valued at approximately $9,552,125.58. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 447,164 shares of company stock valued at $10,590,768 in the last 90 days. 3.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently made changes to their positions in CWAN. Intech Investment Management LLC lifted its stake in Clearwater Analytics by 46.4% in the 2nd quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock valued at $3,449,000 after purchasing an additional 49,845 shares during the last quarter. Future Fund LLC bought a new stake in shares of Clearwater Analytics during the second quarter worth $732,000. Hillsdale Investment Management Inc. increased its holdings in shares of Clearwater Analytics by 28.0% during the second quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock worth $4,188,000 after buying an additional 41,800 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Clearwater Analytics by 20.4% during the second quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock worth $8,435,000 after buying an additional 65,141 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Clearwater Analytics by 8.2% in the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock valued at $9,825,000 after acquiring an additional 33,896 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Company Profile

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.