2 weeks Ago By ABMN Staff
Clearwater Analytics Holdings, Inc. ( NYSE:CWAN – Get Free Report ) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports.
Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $23.78.
CWAN has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Clearwater Analytics from $22.00 to $23.
00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Oppenheimer upgraded shares of Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Monday, July 8th.
Piper Sandler restated a “neutral” rating and set a $23.00 target price on shares of Clearwater Analytics in a research report on Monday, September 9th. Citigroup assumed coverage on shares of Clearwater Analytics in a research report on Monday, August 19th.
They set a “buy” rating and a $28.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of Clearwater Analytics from $25.
00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. View Our Latest Research Report on CWAN Insider Transactions at Clearwater Analytics Institutional Investors Weigh In On Clearwater Analytics Several institutional investors have recently bought and sold shares of CWAN.
Wasatch Advisors LP grew its stake in Clearwater Analytics by 35.6% during the first quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company’s stock worth $289,962,000 after buying an additional 4,304,286 shares during the period.
Vanguard Group Inc. grew its stake in Clearwater Analytics by 36.6% during the fourth quarter.
Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock worth $258,628,000 after buying an additional 3,461,158 shares during the period. William Blair Investment Management LLC grew its stake in Clearwater Analytics by 42.
5% during the first quarter. William Blair Investment Management LLC now owns 10,364,266 shares of the company’s stock worth $183,344,000 after buying an additional 3,090,352 shares during the period. Hood River Capital Management LLC purchased a new stake in Clearwater Analytics during the second quarter worth approximately $43,280,000.
Finally, Bamco Inc. NY grew its stake in Clearwater Analytics by 30.8% during the first quarter.
Bamco Inc. NY now owns 5,359,172 shares of the company’s stock worth $94,804,000 after buying an additional 1,262,150 shares during the period. 50.
10% of the stock is currently owned by hedge funds and other institutional investors. Clearwater Analytics Stock Down 0.6 % Shares of NYSE CWAN opened at $25.
20 on Friday. The company has a quick ratio of 4.78, a current ratio of 4.
78 and a debt-to-equity ratio of 0.11. Clearwater Analytics has a 52 week low of $15.
62 and a 52 week high of $26.02. The firm has a 50-day moving average price of $23.
47 and a 200 day moving average price of $19.94. The stock has a market capitalization of $6.
21 billion, a price-to-earnings ratio of -315.00, a price-to-earnings-growth ratio of 9.30 and a beta of 0.
61. Clearwater Analytics ( NYSE:CWAN – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.
10 EPS for the quarter, meeting the consensus estimate of $0.10. Clearwater Analytics had a negative net margin of 1.
14% and a positive return on equity of 3.55%. The firm had revenue of $106.
79 million during the quarter, compared to analysts’ expectations of $105.51 million. During the same quarter last year, the business earned ($0.
03) earnings per share. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year.
Equities research analysts anticipate that Clearwater Analytics will post 0.14 EPS for the current fiscal year. About Clearwater Analytics ( Get Free Report 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.
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