Clearwater Analytics (CWAN) Set to Announce Quarterly Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN) is set to announce 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 interested in registering for the company’s conference call can do so using this link.

Clearwater Analytics Stock Up 0.9 %

CWAN opened at $16.66 on Wednesday. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $17.59 and a 200-day moving average price of $18.89. Clearwater Analytics has a twelve month low of $13.02 and a twelve month high of $21.89. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of -151.45, a PEG ratio of 6.49 and a beta of 0.45.

Insiders Place Their Bets

In other Clearwater Analytics news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $16.90, for a total value of $274,625,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sandeep Sahai sold 50,000 shares of the company’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 transaction, the chief executive officer now owns 270,838 shares of the company’s stock, valued at approximately $5,346,342.12. The disclosure for this sale can be found here. Insiders sold a total of 16,310,000 shares of company stock worth $275,809,400 over the last three months. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.