RBC Capital analyst Rishi Jaluria maintained a Buy rating on Clearwater Analytics Holdings (CWAN – Research Report) on April 24 and set a price target of $22.00. The company’s shares closed yesterday at $16.40.
Jaluria covers the Technology sector, focusing on stocks such as Palantir Technologies, Pegasystems, and Salesforce. According to TipRanks, Jaluria has an average return of 3.4% and a 51.33% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clearwater Analytics Holdings with a $22.43 average price target.
Based on Clearwater Analytics Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $99.02 million and a GAAP net loss of $3.4 million. In comparison, last year the company earned a revenue of $82.69 million and had a GAAP net loss of $2.96 million
Based on the recent corporate insider activity of 60 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. Last month, WCAS XII CARBON ANALYTICS ACQUISITION, L.P., a Major Shareholder at CWAN sold 16,250,000.00 shares for a total of $274,625,000.00.
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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.
Read More on CWAN:
- Clearwater Analytics Holdings Acquires Wilshire Platforms
- Clearwater Analytics Completes Acquisition of Wilshire Advisors’ Risk and Performance Analytics Solutions
- Clearwater Analytics Acquires Tools from Wilshire Advisors
- Clearwater Analytics to Partner with Wilshire and Acquire Sophisticated Risk and Performance Models
- Clearwater Analytics to acquire certain assets from Wilshire Advisors
