Clearwater Analytics (NYSE:CWAN) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Clearwater Analytics (NYSE:CWAN - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07), Zacks reports. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The firm had revenue of $126.47 million during the quarter, compared to analysts' expectations of $120.34 million. Clearwater Analytics updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock traded up $1.41 during trading hours on Friday, reaching $31.35. 5,089,250 shares of the company's stock were exchanged, compared to its average volume of 2,412,201. Clearwater Analytics has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a market capitalization of $7.74 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 7.43 and a beta of 0.72. The business has a fifty day moving average of $28.03 and a two-hundred day moving average of $27.11. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $28.00 to $36.00 in a research report on Thursday. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Finally, Oppenheimer boosted their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $33.80.

Insider Transactions at Clearwater Analytics

In related news, CTO Souvik Das sold 76,844 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,310,699.08. Following the completion of the sale, the chief technology officer now owns 68,902 shares of the company's stock, valued at approximately $2,071,883.14. This represents a 52.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Subi Sethi sold 62,482 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the sale, the insider now directly owns 144,973 shares of the company's stock, valued at $4,359,338.11. This represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 733,431 shares of company stock valued at $21,444,493 over the last 90 days. 4.60% of the stock is currently owned by corporate insiders.

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.