Clearwater Analytics (NYSE:CWAN) Reaches New 12-Month High – Here’s What Happened

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) shares reached a new 52-week high during trading on Monday . The company traded as high as $24.51 and last traded at $24.5150, with a volume of 9376388 shares traded. The stock had previously closed at $24.29.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CWAN. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a report on Wednesday, May 20th. Two 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 company’s stock. According to MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and an average target price of $24.98.

Clearwater Analytics Price Performance

The company has a fifty day simple moving average of $24.29 and a 200-day simple moving average of $23.76. The company has a market cap of $7.33 billion, a P/E ratio of -136.38, a PEG ratio of 3.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The company’s revenue was up 74.4% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. On average, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 19,858 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $472,620.40. Following the sale, the insider owned 388,256 shares in the company, valued at approximately $9,240,492.80. The trade was a 4.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 809,511 shares of company stock valued at $19,601,350 over the last 90 days. 3.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Clearwater Analytics

Large investors have recently made changes to their positions in the company. Starboard Value LP purchased a new position in Clearwater Analytics during the 4th quarter worth approximately $240,212,000. Wellington Management Group LLP lifted its holdings in shares of Clearwater Analytics by 108.7% in the third 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 in the last quarter. Norges Bank purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at $184,271,000. Vanguard Group Inc. boosted its position in shares of Clearwater Analytics by 21.9% in the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after buying an additional 5,967,798 shares during the period. Finally, Kryger Capital LLC acquired a new stake in shares of Clearwater Analytics in the first quarter worth $90,276,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.