Clearwater Analytics (CWAN) Set to Announce Quarterly Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $16.66 on Wednesday. The firm’s 50-day moving average price is $17.59 and its 200-day moving average price is $18.89. Clearwater Analytics has a 1-year low of $13.02 and a 1-year high of $21.89. The firm has a market capitalization of $4.08 billion, a P/E ratio of -151.45, a P/E/G ratio of 6.49 and a beta of 0.45. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 0.11.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $19.74, for a total value of $197,400.00. Following the completion of the sale, the chief financial officer now directly owns 148,711 shares of the company’s stock, valued at approximately $2,935,555.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $16.90, for a total transaction of $274,625,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James S. Cox sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $19.74, for a total transaction of $197,400.00. Following the transaction, the chief financial officer now directly owns 148,711 shares of the company’s stock, valued at $2,935,555.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,310,000 shares of company stock valued at $275,809,400. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CWAN shares. JPMorgan Chase & Co. lowered shares of Clearwater Analytics from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $24.00 to $22.00 in a report on Thursday, February 29th. DA Davidson restated a “buy” rating and issued a $24.00 target price on shares of Clearwater Analytics in a report on Monday, February 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $20.00 target price on shares of Clearwater Analytics in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

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.