RBC Capital Remains a Buy on Clearwater Analytics Holdings (CWAN)

In a report released today, Rishi Jaluria from RBC Capital maintained a Buy rating on Clearwater Analytics Holdings (CWAN – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $15.82.

According to TipRanks, Jaluria is a 4-star analyst with an average return of 2.6% and a 50.32% success rate. Jaluria covers the Technology sector, focusing on stocks such as Palantir Technologies, Pegasystems, and Salesforce.

In addition to RBC Capital, Clearwater Analytics Holdings also received a Buy from William Blair’s Dylan Becker in a report issued today. However, yesterday, Goldman Sachs maintained a Sell rating on Clearwater Analytics Holdings (NYSE: CWAN).

CWAN market cap is currently $3.89B and has a P/E ratio of -130.42.

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. Most recently, in March 2024, 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.