Clearwater Analytics (NYSE:CWAN) Issues Quarterly Earnings Results

Clearwater Analytics (NYSE:CWAN) released its earnings results on Thursday. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16, FiscalAI reports. Clearwater Analytics had a positive return on equity of 3.19% and a negative net margin of 5.88%.The business had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 74.4% compared to the same quarter last year.

Clearwater Analytics Trading Up 0.2%

Shares of NYSE:CWAN opened at $24.35 on Friday. The company has a market cap of $7.19 billion, a P/E ratio of -135.24, a PEG ratio of 3.41 and a beta of 0.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83. Clearwater Analytics has a 1 year low of $15.73 and a 1 year high of $25.07. The stock’s fifty day moving average price is $23.74 and its 200-day moving average price is $22.63.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 74,530 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $1,746,983.20. Following the completion of the sale, the executive owned 138,630 shares in the company, valued at approximately $3,249,487.20. This represents a 34.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 93,930 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $2,201,719.20. Following the sale, the chief financial officer owned 474,114 shares of the company’s stock, valued at approximately $11,113,232.16. This trade represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 780,842 shares of company stock valued at $18,358,880. Corporate insiders own 3.31% of the company’s stock.

Institutional Trading of Clearwater Analytics

Hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Clearwater Analytics during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Clearwater Analytics during the fourth quarter valued at $33,000. Danske Bank A S purchased a new stake in Clearwater Analytics during the third quarter valued at $36,000. Global Retirement Partners LLC increased its position in Clearwater Analytics by 8,927.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,986 shares of the company’s stock valued at $48,000 after acquiring an additional 1,964 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in Clearwater Analytics by 27.2% during the fourth quarter. Essex Investment Management Co. LLC now owns 2,298 shares of the company’s stock valued at $55,000 after acquiring an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. UBS Group downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Weiss Ratings downgraded Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a report on Thursday, February 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Finally, Jefferies Financial Group downgraded Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Clearwater Analytics currently has an average rating of “Hold” and a consensus price target of $26.17.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.