Clearwater Analytics (CWAN) to Release Quarterly Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN - Get Free Report) is expected to be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $120.34 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Clearwater Analytics Stock Down 3.1 %

Shares of CWAN stock traded down $0.87 on Monday, hitting $26.89. 2,273,088 shares of the stock were exchanged, compared to its average volume of 1,993,994. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $6.64 billion, a P/E ratio of 2,691.19, a price-to-earnings-growth ratio of 7.82 and a beta of 0.72. The business has a 50-day moving average of $28.11 and a 200 day moving average of $26.98. Clearwater Analytics has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CWAN shares. Royal Bank of Canada reduced their price objective on Clearwater Analytics from $36.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, January 14th. Oppenheimer increased their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Finally, Morgan Stanley raised Clearwater Analytics from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $30.00 to $34.00 in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.33.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $29.65, for a total transaction of $554,455.00. Following the transaction, the chief financial officer now directly owns 214,044 shares of the company's stock, valued at approximately $6,346,404.60. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the sale, the chief executive officer now owns 615,855 shares of the company's stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 280,462 shares of company stock worth $7,874,953. Company insiders own 4.60% of the company's stock.

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.