Clearwater Analytics (NYSE:CWAN – Get Free Report) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Thursday, MarketBeat.com reports. They presently have a $22.00 target price on the stock, down from their prior target price of $24.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 28.96% from the company’s previous close.
Other analysts have also recently issued research reports about the company. Piper Sandler reissued a “neutral” rating and issued a $20.00 price objective on shares of Clearwater Analytics in a research report on Thursday, November 2nd. DA Davidson reaffirmed a “buy” rating and set a $24.00 price target on shares of Clearwater Analytics in a research report on Monday, February 5th. Finally, UBS Group assumed coverage on Clearwater Analytics in a research report on Tuesday, November 7th. They set a “buy” rating and a $24.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics has a consensus rating of “Moderate Buy” and a consensus price target of $21.77.
Read Our Latest Report on Clearwater Analytics
Clearwater Analytics Stock Down 0.9 %
Clearwater Analytics stock opened at $17.06 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.35 and a quick ratio of 6.35. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -156.55, a PEG ratio of 17.36 and a beta of 0.50. Clearwater Analytics has a 1-year low of $13.02 and a 1-year high of $21.89. The business has a fifty day moving average price of $19.45 and a 200-day moving average price of $19.31.
Insider Buying and Selling at Clearwater Analytics
In other Clearwater Analytics news, CTO Souvik Das sold 30,588 shares of Clearwater Analytics stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $19.65, for a total transaction of $601,054.20. Following the completion of the transaction, the chief technology officer now owns 23,826 shares in the company, valued at approximately $468,180.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Clearwater Analytics news, CTO Souvik Das sold 30,588 shares of Clearwater Analytics stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $19.65, for a total transaction of $601,054.20. Following the completion of the transaction, the chief technology officer now owns 23,826 shares in the company, valued at approximately $468,180.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $19.65, for a total value of $982,500.00. Following the completion of the transaction, the chief executive officer now owns 101,811 shares of the company’s stock, valued at approximately $2,000,586.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 210,588 shares of company stock worth $4,161,354. Insiders own 2.10% of the company’s stock.
Hedge Funds Weigh In On Clearwater Analytics
Institutional investors and hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC increased its stake in shares of Clearwater Analytics by 213.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after purchasing an additional 1,207 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Clearwater Analytics by 527.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,826 shares of the company’s stock valued at $35,000 after purchasing an additional 1,535 shares in the last quarter. BNP Paribas Arbitrage SNC purchased a new position in shares of Clearwater Analytics in the 3rd quarter valued at about $32,000. UBS Group AG increased its stake in Clearwater Analytics by 1,129.0% during the 2nd quarter. UBS Group AG now owns 2,163 shares of the company’s stock worth $26,000 after buying an additional 1,987 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Clearwater Analytics by 35.3% during the 1st quarter. Captrust Financial Advisors now owns 2,663 shares of the company’s stock worth $56,000 after buying an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.
Clearwater Analytics Company Profile
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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Source: americanbankingnews.com
