Clearwater Analytics (CWAN) to Release Quarterly Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN) is projected to post its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Clearwater Analytics to post earnings of $0.11 per share and revenue of $120.34 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Clearwater Analytics Stock Down 0.9 %

Shares of NYSE CWAN opened at $27.44 on Thursday. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 2,746.75, a price-to-earnings-growth ratio of 7.82 and a beta of 0.72. The company’s 50-day simple moving average is $28.22 and its 200-day simple moving average is $26.83. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics has a 52-week low of $15.62 and a 52-week high of $35.71.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total value of $113,082.30. Following the completion of the sale, the executive now directly owns 6,373 shares of the company’s stock, valued at approximately $185,263.11. The trade was a 37.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 139,172 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the transaction, the chief executive officer now directly owns 441,724 shares in the company, valued at approximately $12,783,492.56. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,162 shares of company stock valued at $7,060,811. 4.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CWAN shares. Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $30.00 to $34.00 in a research note on Friday, January 17th. Oppenheimer boosted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Finally, DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price objective for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.