Clearwater Analytics (NYSE:CWAN) Issues Earnings Results, Meets Expectations

Clearwater Analytics (NYSE:CWAN) released its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15, FiscalAI reports. The company had revenue of $217.46 million during the quarter, compared to analysts’ expectations of $216.71 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%.

Clearwater Analytics Stock Performance

Shares of CWAN traded up $0.21 during mid-day trading on Wednesday, reaching $23.14. The company had a trading volume of 8,515,153 shares, compared to its average volume of 14,794,184. The stock has a 50 day moving average of $23.62 and a two-hundred day moving average of $20.87. 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 stock has a market capitalization of $6.77 billion, a P/E ratio of 15.12, a PEG ratio of 3.35 and a beta of 0.66. Clearwater Analytics has a 52-week low of $15.73 and a 52-week high of $32.00.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CWAN. Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Wells Fargo & Company lowered shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $27.00 to $24.55 in a research note on Thursday, January 8th. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Clearwater Analytics in a report on Monday, December 22nd. Finally, Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics has an average rating of “Hold” and a consensus price target of $27.21.

Insider Buying and Selling at Clearwater Analytics

In other news, CTO Souvik Das sold 10,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $23.89, for a total transaction of $238,900.00. Following the sale, the chief technology officer directly owned 128,230 shares of the company’s stock, valued at $3,063,414.70. This represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Subi Sethi sold 25,646 shares of the firm’s stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $617,812.14. Following the sale, the insider owned 277,189 shares in the company, valued at $6,677,483.01. This trade represents a 8.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 445,889 shares of company stock worth $10,607,100. 3.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Clearwater Analytics in the 4th quarter valued at $33,000. Danske Bank A S purchased a new stake in Clearwater Analytics in the 3rd quarter worth $36,000. Global Retirement Partners LLC raised 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 worth $48,000 after acquiring an additional 1,964 shares during the period. Finally, Essex Investment Management Co. LLC lifted its holdings 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 purchasing an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

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.