Clearwater Analytics (CWAN) Set to Announce Earnings on Wednesday

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

Clearwater Analytics Trading Down 1.1 %

Clearwater Analytics stock opened at $16.40 on Monday. The stock has a market cap of $4.01 billion, a P/E ratio of -149.09, a PEG ratio of 6.51 and a beta of 0.45. Clearwater Analytics has a fifty-two week low of $13.02 and a fifty-two week high of $21.89. The firm’s fifty day moving average price is $17.35 and its 200-day moving average price is $18.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.15 and a current ratio of 5.15.

Analysts Set New Price Targets

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

Insider Buying and Selling at Clearwater Analytics

In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of Clearwater Analytics stock in a transaction on Monday, March 11th. The shares were sold at an average price of $16.90, for a total transaction of $274,625,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James S. Cox sold 10,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total value of $197,400.00. Following the completion of the sale, the chief financial officer now owns 148,711 shares of the company’s stock, valued at approximately $2,935,555.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,310,000 shares of company stock worth $275,809,400. 2.10% of the stock is owned by corporate 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.