Clearwater Analytics (CWAN) Scheduled to Post Quarterly Earnings on Wednesday

Clearwater Analytics (NYSE:CWAN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Clearwater Analytics to post earnings of $0.11 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Clearwater Analytics Stock Up 0.1 %

Clearwater Analytics stock opened at $26.31 on Tuesday. Clearwater Analytics has a 12-month low of $15.62 and a 12-month high of $27.65. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $25.34 and its two-hundred day moving average is $21.66.

Insider Buying and Selling at Clearwater Analytics

In other news, Director Warburg Pincus Llc sold 9,000,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total value of $201,690,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Warburg Pincus Llc sold 9,000,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $22.41, for a total transaction of $201,690,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Subi Sethi sold 21,497 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total value of $522,377.10. Following the transaction, the insider now directly owns 81,812 shares in the company, valued at $1,988,031.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,864,693 shares of company stock valued at $246,818,342 over the last ninety days. Corporate insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

CWAN has been the subject of several recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Clearwater Analytics in a research note on Monday, September 9th. Royal Bank of Canada upped their target price on Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Morgan Stanley raised their price target on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Citigroup started coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They set a “buy” rating and a $28.00 price objective for the company. Finally, Oppenheimer increased their price objective on shares of Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

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.