Clearwater Analytics (CWAN) Projected to Post Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN) is projected to announce 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $26.89 on Tuesday. The company has a 50-day simple moving average of $28.08 and a 200-day simple moving average of $27.01. The company has a market capitalization of $6.64 billion, a PE ratio of 2,691.19, a P/E/G ratio of 7.82 and a beta of 0.72. Clearwater Analytics has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

Several research firms recently commented on CWAN. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price target for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Morgan Stanley raised shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $34.00 in a report on Friday, January 17th. The Goldman Sachs Group raised their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Clearwater Analytics presently has an average rating of “Moderate Buy” and an average price target of $31.33.

Insider Buying and Selling

In other news, CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the transaction, the chief executive officer now owns 441,724 shares in the company, valued at $12,783,492.56. The trade was a 23.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total value of $113,082.30. Following the transaction, the executive now directly owns 6,373 shares of the company’s stock, valued at approximately $185,263.11. This trade represents a 37.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 280,462 shares of company stock worth $7,874,953 in the last quarter. 4.60% of the stock is 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.