Clearwater Analytics (NYSE:CWAN) Given New $40.00 Price Target at Oppenheimer

Clearwater Analytics (NYSE:CWAN) had its price target boosted by Oppenheimer from $35.00 to $40.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

CWAN has been the subject of a number of other research reports. DA Davidson lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $35.00 in a report on Friday, November 8th. The Goldman Sachs Group upped their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Citigroup initiated coverage on shares of Clearwater Analytics in a report on Monday, August 19th. They set a “buy” rating and a $28.00 target price for the company. Royal Bank of Canada upped their price objective on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.67.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $29.63 on Tuesday. Clearwater Analytics has a 52-week low of $15.62 and a 52-week high of $35.71. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 2,965.97, a PEG ratio of 11.10 and a beta of 0.69. The company has a fifty day simple moving average of $27.99 and a 200-day simple moving average of $23.63. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the transaction, the executive now owns 6,373 shares of the company’s stock, valued at $199,729.82. This represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.34, for a total transaction of $567,358.00. Following the sale, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. This represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,770 shares of company stock valued at $1,826,606 over the last 90 days. 4.60% of the stock is owned by insiders.

Institutional Trading of Clearwater Analytics

Several hedge funds have recently made changes to their positions in CWAN. California State Teachers Retirement System raised its holdings in Clearwater Analytics by 22.3% in the first quarter. California State Teachers Retirement System now owns 131,341 shares of the company’s stock valued at $2,323,000 after acquiring an additional 23,971 shares in the last quarter. Jane Street Group LLC raised its holdings in Clearwater Analytics by 234.2% in the first quarter. Jane Street Group LLC now owns 265,818 shares of the company’s stock valued at $4,702,000 after acquiring an additional 186,273 shares in the last quarter. Seven Eight Capital LP acquired a new stake in Clearwater Analytics in the second quarter valued at approximately $1,797,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Clearwater Analytics in the third quarter valued at approximately $3,677,000. Finally, Loomis Sayles & Co. L P raised its holdings in Clearwater Analytics by 11.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after acquiring an additional 327,880 shares in the last quarter. Institutional investors and hedge funds 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.