Q2 2024 EPS Estimates for Clearwater Analytics Holdings, Inc. Increased by Analyst (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) – Stock analysts at William Blair increased their Q2 2024 EPS estimates for Clearwater Analytics in a research note issued to investors on Thursday, May 2nd. William Blair analyst D. Becker now forecasts that the company will post earnings of $0.04 per share for the quarter, up from their prior forecast of $0.03. The consensus estimate for Clearwater Analytics’ current full-year earnings is $0.11 per share. William Blair also issued estimates for Clearwater Analytics’ Q3 2024 earnings at $0.04 EPS, Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.25 EPS.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.25%. The company had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. During the same period in the previous year, the firm earned $0.07 earnings per share. Clearwater Analytics’s quarterly revenue was up 21.4% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price target on shares of Clearwater Analytics in a research note on Thursday, May 2nd. Piper Sandler reissued a “neutral” rating and issued a $20.00 price target on shares of Clearwater Analytics in a research note on Thursday, February 29th. DA Davidson reissued a “buy” rating and issued a $24.00 price target on shares of Clearwater Analytics in a research note on Monday, February 5th. JPMorgan Chase & Co. reduced their price target on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.70.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $17.46 on Monday. The firm’s 50-day moving average is $16.96 and its two-hundred day moving average is $18.65. The company has a market capitalization of $4.27 billion, a PE ratio of -218.25, a price-to-earnings-growth ratio of 7.85 and a beta of 0.50. Clearwater Analytics has a 12 month low of $14.43 and a 12 month high of $21.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.59 and a quick ratio of 5.59.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $19.74, for a total transaction of $197,400.00. Following the completion of the transaction, the chief financial officer now owns 148,711 shares in the company, valued at approximately $2,935,555.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $19.74, for a total transaction of $987,000.00. Following the completion of the transaction, the chief executive officer now owns 270,838 shares in the company, valued at approximately $5,346,342.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 10,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $19.74, for a total transaction of $197,400.00. Following the completion of the transaction, 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. Insiders have sold a total of 16,310,000 shares of company stock valued at $275,809,400 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CWAN. Wasatch Advisors LP boosted its holdings in shares of Clearwater Analytics by 35.6% in the 1st quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company’s stock valued at $289,962,000 after buying an additional 4,304,286 shares in the last quarter. Vanguard Group Inc. boosted its stake in Clearwater Analytics by 36.6% during the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock worth $258,628,000 after purchasing an additional 3,461,158 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Clearwater Analytics by 65.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,387,928 shares of the company’s stock worth $67,860,000 after purchasing an additional 1,335,802 shares during the period. Capital World Investors grew its position in Clearwater Analytics by 60.5% during the 4th quarter. Capital World Investors now owns 3,051,500 shares of the company’s stock worth $61,122,000 after purchasing an additional 1,150,538 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in Clearwater Analytics in the third quarter valued at $19,506,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.