Clearwater Analytics (CWAN) Scheduled to Post Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN) is scheduled to announce 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Clearwater Analytics Stock Performance

NYSE CWAN opened at $16.03 on Tuesday. The stock has a 50-day moving average of $17.27 and a 200 day moving average of $18.75. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 0.11. Clearwater Analytics has a twelve month low of $13.02 and a twelve month high of $21.89.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $19.74, for a total transaction of $197,400.00. Following the completion of the sale, the chief financial officer now directly owns 148,711 shares in the company, valued at $2,935,555.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO James S. Cox sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total value of $197,400.00. Following the completion of the transaction, the chief financial officer now directly owns 148,711 shares in the company, valued at $2,935,555.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $19.74, for a total value of $987,000.00. Following the completion of the sale, the chief executive officer now owns 270,838 shares in the company, valued at approximately $5,346,342.12. The disclosure for this sale can be found here. Insiders sold a total of 16,310,000 shares of company stock worth $275,809,400 in the last three months. 2.10% 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.