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

Clearwater Analytics (NYSE:CWAN - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $126.47 million during the quarter, compared to the consensus estimate 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 NYSE:CWAN traded up $1.41 during midday trading on Friday, reaching $31.35. 5,089,250 shares of the company were exchanged, compared to its average volume of 2,158,487. 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 stock has a market cap of $7.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72. The business's fifty day moving average is $28.03 and its two-hundred day moving average is $27.11. Clearwater Analytics has a one year low of $15.62 and a one year high of $35.71.

Analyst Upgrades and Downgrades

CWAN has been the topic of several analyst reports. UBS Group lifted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday. Morgan Stanley restated an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday. Finally, JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.80.

Insiders Place Their Bets

In related news, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 615,855 shares in the company, valued at approximately $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $29.65, for a total transaction of $554,455.00. Following the completion of the sale, the chief financial officer now owns 214,044 shares in the company, valued at $6,346,404.60. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 733,431 shares of company stock worth $21,444,493 in the last 90 days. 4.60% of the stock is currently owned by corporate insiders.

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.