Clearwater Analytics (CWAN) Scheduled to Post Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Clearwater Analytics to post earnings of $0.09 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Clearwater Analytics Trading Down 1.0 %

Shares of Clearwater Analytics stock traded down $0.16 during trading on Wednesday, hitting $16.52. 516,810 shares of the company were exchanged, compared to its average volume of 1,199,782. The firm has a market capitalization of $4.04 billion, a P/E ratio of -150.55, a price-to-earnings-growth ratio of 6.55 and a beta of 0.45. Clearwater Analytics has a 1-year low of $13.02 and a 1-year high of $21.89. The firm's fifty day moving average price is $17.54 and its 200 day moving average price is $18.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.15 and a quick ratio of 5.15.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total transaction of $197,400.00. Following the sale, the chief financial officer now owns 148,711 shares in the company, valued at approximately $2,935,555.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO James S. Cox sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total transaction of $197,400.00. Following the sale, the chief financial officer now owns 148,711 shares in the company, valued at approximately $2,935,555.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $16.90, for a total value of $274,625,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,310,000 shares of company stock worth $275,809,400 in the last 90 days. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.