In a report released today, Peter Heckmann from D.A. Davidson maintained a Buy rating on Clearwater Analytics Holdings (CWAN – Research Report), with a price target of $24.00. The company’s shares closed last Friday at $18.53.
Heckmann covers the Financial sector, focusing on stocks such as Clearwater Analytics Holdings, Envestnet, and Shift4 Payments. According to TipRanks, Heckmann has an average return of -4.3% and a 38.50% success rate on recommended stocks.
In addition to D.A. Davidson, Clearwater Analytics Holdings also received a Buy from Loop Capital Markets’s Yun Kim in a report issued on November 2. However, on the same day, Oppenheimer assigned a Hold rating to Clearwater Analytics Holdings (NYSE: CWAN).
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Based on Clearwater Analytics Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $89.88 million and a GAAP net loss of $10.92 million. In comparison, last year the company earned a revenue of $73.41 million and had a GAAP net loss of $2.43 million
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CWAN in relation to earlier this year.
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Clearwater Analytics Holdings (CWAN) Company Description:
Clearwater Analytics Holdings Inc provides investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions for asset managers, insurance companies, and large corporations. Its cloud-native software allows clients to radically simplify their investment accounting operations, enabling them to focus on higher-value business functions such as asset allocation strategy and investment selection.
Read More on CWAN:
- Clearwater Analytics sees 2023 revenue $367.6M consensus $365.07M
- Clearwater Analytics sees Q4 revenue $98.5M, consensus $98.54M
- Clearwater Analytics reports Q3 non-GAAP EPS 9c, consensus 8c
- Clearwater Analytics Announces Third Quarter 2023 Financial Results
- Clearwater Analytics upgraded to Buy from Hold at Loop Capital
