Clearwater Analytics (CWAN) to Release Quarterly Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Clearwater Analytics Trading Down 1.1 %

Shares of NYSE:CWAN opened at $16.40 on Monday. The company has a 50-day simple moving average of $17.35 and a 200 day simple moving average of $18.79. The company has a market capitalization of $4.01 billion, a P/E ratio of -149.09, a price-to-earnings-growth ratio of 6.51 and a beta of 0.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.15 and a current ratio of 5.15. Clearwater Analytics has a 52-week low of $13.02 and a 52-week high of $21.89.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CWAN shares. DA Davidson reissued a “buy” rating and set a $24.00 target price on shares of Clearwater Analytics in a report on Monday, February 5th. Piper Sandler reissued a “neutral” rating and issued a $20.00 price objective on shares of Clearwater Analytics in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. downgraded shares of Clearwater Analytics from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $24.00 to $22.00 in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Insider Buying and Selling

In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $16.90, for a total transaction of $274,625,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total transaction of $987,000.00. Following the sale, the chief executive officer now owns 270,838 shares of the company’s stock, valued at approximately $5,346,342.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,310,000 shares of company stock valued at $275,809,400. 2.10% of the stock is owned by company insiders.

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.