Clearwater Analytics (NYSE:CWAN) Posts Quarterly Earnings Results, Hits Expectations

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

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded up $0.21 during trading on Wednesday, hitting $23.14. 8,515,154 shares of the stock traded hands, compared to its average volume of 14,798,736. 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 company has a fifty day moving average price of $23.62 and a two-hundred day moving average price of $20.87. Clearwater Analytics has a 52-week low of $15.73 and a 52-week high of $32.00. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 3.35 and a beta of 0.66.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 44,386 shares of the company’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 $1,069,258.74. Following the completion of the transaction, the executive owned 72,917 shares in the company, valued at approximately $1,756,570.53. This represents a 37.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $24.14, for a total value of $451,418.00. Following the sale, the chief financial officer owned 395,697 shares in the company, valued at $9,552,125.58. This trade represents a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 445,889 shares of company stock valued at $10,607,100 in the last quarter. 3.31% of the stock is currently owned by insiders.

Institutional Trading of Clearwater Analytics

A number of institutional investors have recently made changes to their positions in CWAN. Essex Investment Management Co. LLC raised its holdings in Clearwater Analytics by 27.2% in 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 in the last quarter. Mackenzie Financial Corp increased its position in shares of Clearwater Analytics by 3.7% in the 4th quarter. Mackenzie Financial Corp now owns 15,466 shares of the company’s stock valued at $372,000 after purchasing an additional 545 shares during the last quarter. Cim LLC increased its position in shares of Clearwater Analytics by 0.8% in the 3rd quarter. Cim LLC now owns 66,184 shares of the company’s stock valued at $1,193,000 after purchasing an additional 557 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Clearwater Analytics by 1.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 73,073 shares of the company’s stock valued at $1,763,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth $26,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWAN has been the subject of several research reports. Loop Capital downgraded shares of Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $24.55 in a report on Monday, December 22nd. DA Davidson restated a “neutral” rating and issued a $24.55 target price (down previously from $30.00) on shares of Clearwater Analytics in a report on Friday, January 16th. Wells Fargo & Company cut Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $27.00 to $24.55 in a report on Thursday, January 8th. Jefferies Financial Group lowered shares of Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.21.

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.