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, November 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The firm had revenue of $106.79 million for the quarter, compared to the consensus estimate of $105.51 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, analysts expect Clearwater Analytics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $26.84 on Wednesday. Clearwater Analytics has a twelve month low of $15.62 and a twelve month high of $27.65. The company’s 50 day moving average is $25.19 and its 200 day moving average is $21.37. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.60 billion, a PE ratio of -335.50, a price-to-earnings-growth ratio of 9.16 and a beta of 0.62.

Insider Activity

In related news, CFO James S. Cox sold 14,850 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $22.02, for a total value of $326,997.00. Following the completion of the transaction, the chief financial officer now directly owns 232,503 shares of the company’s stock, valued at approximately $5,119,716.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Warburg Pincus Llc sold 9,000,000 shares of Clearwater Analytics stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $22.41, for a total value of $201,690,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 14,850 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $22.02, for a total value of $326,997.00. Following the completion of the transaction, the chief financial officer now directly owns 232,503 shares of the company’s stock, valued at $5,119,716.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,879,543 shares of company stock worth $247,145,339 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Piper Sandler restated a “neutral” rating and issued a $23.00 price objective on shares of Clearwater Analytics in a research report on Monday, September 9th. Morgan Stanley upped their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Oppenheimer upped their price objective on Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Finally, Citigroup initiated coverage on Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.67.

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.