Key Points
- CFO James Cox sold 11,275 shares on Dec. 15 at an average price of $21.41 for $241,397.75, reducing his ownership by 3.31% to 328,983 shares worth roughly $7.04M.
- Clearwater reported $0.14 EPS (missing estimates by $0.02) and revenue of $205.11M, up 77.1% year-over-year, while the stock trades in a 12‑month range of $15.73–$32.00 and has a P/E of 14.44.
- The board approved a $100M share buyback (about 1.7% of shares) and analysts maintain a "Moderate Buy" consensus with an average target near $29.56.
Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James Cox sold 11,275 shares of Clearwater Analytics stock in a transaction on Monday, December 15th. The stock was sold at an average price of $21.41, for a total transaction of $241,397.75. Following the transaction, the chief financial officer directly owned 328,983 shares of the company's stock, valued at approximately $7,043,526.03. This trade represents a 3.31% 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.
Clearwater Analytics Stock Performance
Shares of CWAN traded up $0.37 during trading hours on Thursday, hitting $22.07. The company had a trading volume of 169,749 shares, compared to its average volume of 4,033,113. The business has a fifty day moving average of $19.70 and a 200-day moving average of $20.33. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 5.66 and a beta of 0.67. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $32.00.
Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The company had revenue of $205.11 million during the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The firm's quarterly revenue was up 77.1% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. Equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.
Clearwater Analytics announced that its board has authorized a stock buyback program on Wednesday, September 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 1.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in CWAN. Intech Investment Management LLC lifted its position in Clearwater Analytics by 46.4% during the second quarter. Intech Investment Management LLC now owns 157,281 shares of the company's stock valued at $3,449,000 after purchasing an additional 49,845 shares in the last quarter. Future Fund LLC bought a new position in shares of Clearwater Analytics in the second quarter worth about $732,000. Hillsdale Investment Management Inc. lifted its position in shares of Clearwater Analytics by 28.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company's stock valued at $4,188,000 after buying an additional 41,800 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Clearwater Analytics by 20.4% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company's stock valued at $8,435,000 after acquiring an additional 65,141 shares during the period. Finally, Swiss National Bank increased its holdings in Clearwater Analytics by 8.2% in the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company's stock worth $9,825,000 after acquiring an additional 33,896 shares in the last quarter. Institutional investors own 50.10% of the company's stock.
Analysts Set New Price Targets
CWAN has been the topic of a number of research reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $27.00 price objective on shares of Clearwater Analytics in a report on Monday, November 24th. UBS Group decreased their price target on shares of Clearwater Analytics from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, November 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Clearwater Analytics in a research report on Wednesday, September 17th. JPMorgan Chase & Co. cut their price objective on shares of Clearwater Analytics from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Clearwater Analytics in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.56.
Check Out Our Latest Report on Clearwater Analytics
Clearwater Analytics Company Profile
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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.
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