Clearwater Analytics (CWAN) to Release Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Clearwater Analytics to post earnings of $0.11 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The business had revenue of $106.79 million for the quarter, compared to analyst estimates of $105.51 million. During the same quarter in the prior year, the business posted ($0.03) EPS. Clearwater Analytics's revenue for the quarter was up 18.8% compared to the same quarter last year. On average, analysts expect Clearwater Analytics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded up $0.04 on Wednesday, hitting $26.89. 826,315 shares of the company were exchanged, compared to its average volume of 1,445,077. The firm has a market capitalization of $6.62 billion, a P/E ratio of -1,344.50, a price-to-earnings-growth ratio of 9.16 and a beta of 0.62. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.11. Clearwater Analytics has a 1-year low of $15.62 and a 1-year high of $27.65. The stock's 50 day moving average price is $25.19 and its 200 day moving average price is $21.37.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 14,850 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $22.02, for a total transaction of $326,997.00. Following the transaction, the chief financial officer now owns 232,503 shares in the company, valued at approximately $5,119,716.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO James S. Cox sold 14,850 shares of Clearwater Analytics stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $22.02, for a total value of $326,997.00. Following the sale, the chief financial officer now owns 232,503 shares in the company, valued at $5,119,716.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total transaction of $92,387.50. Following the transaction, the executive now owns 4,844 shares of the company's stock, valued at approximately $115,045. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,879,543 shares of company stock worth $247,145,339 in the last 90 days. Corporate insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CWAN shares. Oppenheimer increased their price objective on Clearwater Analytics from $25.00 to $31.00 and gave the company an "outperform" rating in a report on Monday, October 7th. Morgan Stanley increased their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on shares of Clearwater Analytics from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Citigroup initiated coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They issued a "buy" rating and a $28.00 price objective on the stock. Finally, Piper Sandler restated a "neutral" rating and set a $23.00 target price on shares of Clearwater Analytics in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics has a consensus rating of "Moderate Buy" and an average price target of $25.67.

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.