Clearwater Analytics (NYSE:CWAN) Releases Quarterly Earnings Results

Clearwater Analytics (NYSE:CWAN) 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 net margin of 93.97% and a return on equity of 7.11%. The business 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 Stock Up 6.0 %

Shares of NYSE:CWAN traded up $1.80 during midday trading on Friday, hitting $31.74. 977,520 shares of the company’s stock traded hands, compared to its average volume of 2,289,059. The firm’s fifty day moving average price is $27.99 and its two-hundred day moving average price is $27.05. The company has a market cap of $7.84 billion, a PE ratio of 19.12, a P/E/G ratio of 7.43 and a beta of 0.72. Clearwater Analytics has a twelve month low of $15.62 and a twelve month high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Analyst Ratings Changes

A number of research firms have recently commented on CWAN. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their target price for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer boosted their target price on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $34.00 in a research report on Friday, January 17th. Finally, The Goldman Sachs Group upped their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and nine have given 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 $33.60.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were 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 directly owns 214,044 shares of the company’s stock, valued at $6,346,404.60. This represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sandeep Sahai sold 139,172 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the sale, the chief executive officer now owns 441,724 shares in the company, valued at $12,783,492.56. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 299,162 shares of company stock valued at $8,386,024. Company insiders own 4.60% of the company’s stock.

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.