JP Morgan Raises Clearwater Analytics’ Rating: What Investors Need to Know
Analysts Predict Price Decline, Yet Revenue Growth Remains Positive
Fintel reports that on November 7, 2024, JP Morgan upgraded their outlook for Clearwater Analytics Holdings (NYSE:CWAN) from Neutral to Overweight.
Average Price Target Indicates Possible Setback
As of October 22, 2024, the average one-year price target for Clearwater Analytics Holdings is $26.97/share. Predictions show a range with a low of $20.20 and a high of $32.55. Notably, this average price target suggests a potential decrease of 17.74% from its latest closing price of $32.79/share.
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Clearwater’s Financial Performance Forecasted to Improve
The estimated annual revenue for Clearwater Analytics Holdings is projected to be $436 million, indicating a 2.80% increase. Furthermore, the projected annual non-GAAP EPS stands at 0.33.
Institutional Investment Trends Signal Growing Interest
Currently, 483 funds or institutions have reported positions in Clearwater Analytics Holdings. This marks an increase of 79 owners, or 19.55%, from the previous quarter. The average portfolio weight of all funds assigned to CWAN is 0.35%, which has risen by 9.88%. Additionally, institutional share ownership grew by 8.35% in the last three months, now totaling 239,784K shares. 
The put/call ratio of CWAN stands at 1.17, hinting at a bearish outlook.
Permira Holdings holds 20,247K shares, amounting to 12.62% ownership. The firm’s previous filing reported 25,613K shares, reflecting a decrease of 26.50%. Consequently, their portfolio allocation in CWAN was reduced by 5.57% over the last quarter.
Wasatch Advisors has increased its stake, currently holding 17,575K shares for a 10.95% ownership. Prior reports showed 16,391K shares, an increase of 6.74%. Their portfolio allocation in CWAN has risen by 14.81% in the last quarter.
Kayne Anderson Rudnick Investment Management now owns 11,375K shares, translating to 7.09% ownership. Previously, they reported 11,246K shares, indicating a slight increase of 1.13%. However, their portfolio allocation in CWAN fell by 21.98% over the last quarter.
William Blair Investment Management controls 10,431K shares, representing a 6.50% ownership stake. They reported an increase from 10,364K last time, reflecting a 0.64% uptick in their investment. Their allocation in CWAN climbed by 6.93% over the last quarter.
Conestoga Capital Advisors holds 6,778K shares, or 4.22% of the company, marking an increase from 6,671K shares, a 1.58% rise. The firm expanded its portfolio allocation in CWAN by 25.37% over the previous quarter.
Understanding Clearwater Analytics Holdings
(Company Overview)
Clearwater Analytics is a leading global SaaS provider that specializes in automated investment data aggregation, reconciliation, accounting, compliance, risk, performance, and reporting. Each day, it oversees more than $5.6 trillion in assets for a diverse clientele, including major insurers, asset managers, corporations, pension plans, governments, and nonprofit organizations. By helping clients maximize their investment portfolio data, Clearwater Analytics stands as a trusted partner for investment professionals worldwide.
Fintel provides a comprehensive investing research platform tailored for individual investors, traders, financial advisors, and small hedge funds. Our extensive data includes fundamental analysis, analyst reports, ownership data, and fund sentiment, among other insights for informed investment decisions.
This article originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
