Clearwater Analytics (CWAN) Projected to Post 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $27.44 on Thursday. Clearwater Analytics has a 12-month low of $15.62 and a 12-month high of $35.71. The business’s fifty day simple moving average is $28.22 and its 200-day simple moving average is $26.83. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a market cap of $6.78 billion, a PE ratio of 2,746.75, a PEG ratio of 7.82 and a beta of 0.72.

Insider Buying and Selling at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now directly owns 615,855 shares in the company, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction that occurred 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 owns 6,373 shares in the company, valued at approximately $185,263.11. This represents a 37.90 % 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 worth $7,060,811. Company insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CWAN shares. Oppenheimer upped their target price on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Royal Bank of Canada cut their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Finally, Piper Sandler lifted their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

About Clearwater Analytics

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.