In a report released today, Brian Schwartz from Oppenheimer maintained a Hold rating on Clearwater Analytics Holdings (CWAN – Research Report). The company’s shares closed yesterday at $19.44.
According to TipRanks, Schwartz is a top 100 analyst with an average return of 22.0% and a 65.00% success rate. Schwartz covers the Technology sector, focusing on stocks such as Salesforce, Workday, and ServiceNow.
Clearwater Analytics Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $22.60, implying a 16.26% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to a Hold with a $22.00 price target.
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CWAN market cap is currently $4.72B and has a P/E ratio of -167.15.
Based on the recent corporate insider activity of 53 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. Most recently, in December 2023, Galibier Purchaser, LLC, a Director at CWAN sold 3,689,812.00 shares for a total of $72,873,787.00.
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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.
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